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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Addition on account of loss in trading of stock option - ...

Case Laws     Income Tax

July 15, 2020

Addition on account of loss in trading of stock option - suspicious trades including reversal trades - In the absence of any investigation carried-out by the authorities below, we are of the view that assessee has been able to establish that assessee company has suffered genuine business loss as had also been suffered in earlier years, therefore, authorities below should not have disallowed the same against the assessee.

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