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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

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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