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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Treatment to loss on shares - bogus loss - the broker was not ...


Court Rules Broker's Suspension Doesn't Invalidate Past Share Transactions; Alleged Bogus Losses Not Proven Invalid.

September 28, 2016

Case Laws     Income Tax     AT

Treatment to loss on shares - bogus loss - the broker was not suspended during the period, when the transactions for sale & purchase of the shares taken place - the suspension of the broker by SEBI will not hold the transaction invalid - AT

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