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

Income Tax

July 4, 2012

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 ...

Income Tax

July 4, 2012

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