Short term capital loss - sale of plant & machinery as scrap - ...

Taxpayer's Short-Term Capital Loss on Machinery Sale Disallowed; Machinery Not Used in Business.

October 26, 2015

Case Laws Income Tax AT

Short term capital loss - sale of plant & machinery as scrap - the alleged short term capital loss as claimed by the assessee on sale of machineries cannot be allowed, as the machineries were never purchased for its use in the business of the assessee. - AT

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Short term capital loss - sale of plant & machinery as scrap - ...

Taxpayer's Short-Term Capital Loss on Machinery Sale Disallowed; Machinery Not Used in Business.

October 26, 2015

Case Laws Income Tax AT

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