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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

In the year of redemption of the 2% RCPS, the transactions ...


Redemption of 2% RCPS Not Sham Despite Long-Term Capital Loss, Says Court.

September 13, 2014

Case Laws     Income Tax     AT

In the year of redemption of the 2% RCPS, the transactions cannot be presumed to be sham or bogus merely because it has resulted into long term capital loss - AT

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