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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

The shares were sold first with the intention to purchase the ...

Case Laws     Income Tax

April 4, 2013

The shares were sold first with the intention to purchase the same when its prices fell down but since the price of shares increased, the assessee had to purchase the shares to minimize the loss. - it is a speculation loss and not a contrived loss - AT

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