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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Disallowance of loss of trading in bonds - The A.O. has not ...

Case Laws     Income Tax

January 1, 2019

Disallowance of loss of trading in bonds - The A.O. has not contradicted the claim of the assessee that there was no prohibition on carrying out off market transactions - No justification to disallow the loss on transactions on lands merely on doubt assumption basis.

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