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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Short term capital loss - Just because a transaction results in ...


Legitimate Transactions Yield Tax Benefits Without Disregard, No Denial for Genuine Short-Term Capital Losses.

April 11, 2016

Case Laws     Income Tax     AT

Short term capital loss - Just because a transaction results in a tax benefit, unless it is a sham transaction, it cannot be ignored - No justification in declining the short term capital loss claimed - AT

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