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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Allegation of fictitious sale of shares - Once the purchase of ...


Court Affirms Legitimacy of Share Sale, Emphasizes Consistent Transaction Assessment Without Specific Evidence Challenging Purchase Validity.

May 22, 2012

Case Laws     Income Tax     AT

Allegation of fictitious sale of shares - Once the purchase of shares is not doubted, then in our considered view, the sale of same shares should not have been doubted. - AT

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