Short term Capital Loss arising from re-purchase and sale of ...

Court Rules Share Transactions Not Genuine Due to Lack of Evidence on Repurchase Price, Resulting in Capital Loss.

July 4, 2012

Case Laws Income Tax HC

Short term Capital Loss arising from re-purchase and sale of shares - In the absence of any material explained as regards the repurchase of shares at Rs. 30/- per share and subsequently sold it at Rs. 8.50 paise, same cannot be construed as genuine transactions. - HC

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Short term Capital Loss arising from re-purchase and sale of ...

Court Rules Share Transactions Not Genuine Due to Lack of Evidence on Repurchase Price, Resulting in Capital Loss.

July 4, 2012

Case Laws Income Tax HC

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