TMI BlogCapital loss - sale of shares to sister concern when the transaction for sale to an outside buyer for a...Capital loss - sale of shares to sister concern when the transaction for sale to an outside buyer for a much higher price is being processed - the transaction is neither fraudulent nor a colourable device - Authorities cannot enter into the shoe of the assessee to decide the prudence of commercial expediency of a particular transaction. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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