Disallowance of capital loss – Genuineness of the transaction - ...
Capital Loss Disallowance Requires Evidence; Transactions Between Relatives Are Not Automatically Bogus or Sham.
March 21, 2014
Case Laws Income Tax AT
Disallowance of capital loss – Genuineness of the transaction - Merely because the transaction is between the relatives, it, per se, cannot be said to be sham or bogus transaction - AT
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