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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Addition made by treating LTCG as Income from other sources – ...


Court Reclassifies Share Sale Gains as Income, Not Investments, Due to Suspected Tax Manipulation Under LTCG Rules.

May 2, 2014

Case Laws     Income Tax     AT

Addition made by treating LTCG as Income from other sources – Sale of shares – transactions in purchase and sale of shares is just a colourable device especially when the assessee had not done any such transaction in the preceding or subsequent year - AT

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