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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Assessment of sale value of shares – Transaction treated as cash ...


Shares Sale Value Classified as Cash Credits, Not Long-Term Capital Gains, Upheld by CIT(A) Using Human Probabilities Test.

October 9, 2014

Case Laws     Income Tax     AT

Assessment of sale value of shares – Transaction treated as cash credits instead of LTCG – CIT(A) was justified in confirming the order of the AO by applying the test of human probabilities - AT

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