Court Allows Carry Forward of Short-Term Capital Loss; Revenue Fails to Prove Transactions Were Sham, Sec. 73 Inapplicable.

Short term capital loss on sale of shares - revenue has failed to establish that transactions are sham and merely book entries and further the explanation to section 73 does not apply to the facts of the case thereby directing the ld AO to allow the short term capital loss to be carried forward. - AT .....

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