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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Disallowance of assessee’s claim of long term capital loss - as ...


Assessing Officer Disallows Long-Term Capital Loss Claim, Finds Share Transactions a Colorable Device to Offset Gains.

August 28, 2018

Case Laws     Income Tax     AT

Disallowance of assessee’s claim of long term capital loss - as per AO purchase and sale of shares was nothing but a colourable device to generate loss to be set off against capital gain - additions confirmed.

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