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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Shifting loss incurred at the time of shifting of securities ...

Case Laws     Income Tax

January 31, 2020

Shifting loss incurred at the time of shifting of securities from AFS to HTM category - The said shifting loss is squarely allowable as deduction. But the assessee had provided the revised workings of the said loss before the ld. CIT(A) which resulted in an enhancement - Additions confirmed.

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