Disallowance of short term capital loss on sale of shares - sale ...

Short-Term Capital Loss Denied for Intra-Group Share Sale; Deemed Sham Transaction During Lock-In Period.

February 17, 2016

Case Laws Income Tax AT

Disallowance of short term capital loss on sale of shares - sale of share was effected between two group companies having the same directors about the shares of the group company during the lock-in period - it is case of sham transaction - loss booked not allowed - AT

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Disallowance of short term capital loss on sale of shares - sale ...

Short-Term Capital Loss Denied for Intra-Group Share Sale; Deemed Sham Transaction During Lock-In Period.

February 17, 2016

Case Laws Income Tax AT

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