Assessee could not satisfactorily explain the reason for selling ...

Assessee's Short-Term Capital Loss Restricted for Selling Car to Director Below Book Value Without Satisfactory Explanation.

June 26, 2014

Case Laws Income Tax AT

Assessee could not satisfactorily explain the reason for selling the motor car to its own director at a price less than the WDV as per the record of the assessee – short term capital loss on sale of motor car restricted - AT

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Assessee could not satisfactorily explain the reason for selling ...

Assessee's Short-Term Capital Loss Restricted for Selling Car to Director Below Book Value Without Satisfactory Explanation.

June 26, 2014

Case Laws Income Tax AT

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