TMI BlogDisallowance of long Term Capital loss (LTCL) - Cost of acquisition - The assessee had also furnished...Disallowance of long Term Capital loss (LTCL) - Cost of acquisition - The assessee had also furnished the proper reasons for exiting out of her investment from the said company. None of these explanations furnished by the assessee were found to be false by the Revenue. Hence, it was only the failed investment deal of an assessee being a private equity investor, which had resulted in incurrence of loss for the assessee which is claimed as a long term capital loss by the assessee - AO does not hav..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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