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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Short term capital loss - transactions for purchase and sale of ...


Taxpayer's Land Transactions Deemed Sham, Short-Term Capital Loss Claims Disallowed by Authorities.

November 16, 2016

Case Laws     Income Tax     AT

Short term capital loss - transactions for purchase and sale of land are not proved by the assessee to be genuine transactions and are held by us to be sham and colorable devices and short term capital loss - cannot be allowed - AT

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