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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Claim of trading loss - merely because the assessee itself has ...


Assessee's Trading Loss Claim Valid Despite Partial Transfer to Third Party's Account, Tax Authorities Must Acknowledge Full Loss.

April 10, 2018

Case Laws     Income Tax     AT

Claim of trading loss - merely because the assessee itself has transferred a portion of loss to the account of the third party, the same would not disentitled the assessee to claim correct amount of loss before the tax authorities. - AT

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