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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