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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Disallowance of Long Term Capital Loss – AO cannot accept the ...


Assessing Officer's Inconsistent Capital Gains Approach: LTCG Loss Disallowed, CIT(A) Fails to Address Issue.

January 8, 2014

Case Laws     Income Tax     AT

Disallowance of Long Term Capital Loss – AO cannot accept the sale price for purpose of computation of STCG and reject for computation of LTCG - CIT(A) is silent on this divergence/ inconsistency - AT

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