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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Disallowance of loss claimed - CIT(A) is correct in holding that ...


Income Tax Appeals Commissioner Blocks Share Valuation for Artificial Loss, Citing Tax Avoidance Strategy.

August 7, 2018

Case Laws     Income Tax     AT

Disallowance of loss claimed - CIT(A) is correct in holding that the valuation of shares at a lesser price than the cost was resorted to only to claim notional loss.

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