Disallowance of loss shown by the assessee in Film business - ...

Court Upholds Disallowance of Film Business Loss; Transaction Deemed a Sham to Evade Taxes.

January 19, 2016

Case Laws Income Tax SC

Disallowance of loss shown by the assessee in Film business - Having regard to the facts and circumstances in which the “investment” was made and “loss” claimed, the entire transaction was a sham transaction and was a calculated device to avoid tax liability. - SC

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Disallowance of loss shown by the assessee in Film business - ...

Court Upholds Disallowance of Film Business Loss; Transaction Deemed a Sham to Evade Taxes.

January 19, 2016

Case Laws Income Tax SC

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