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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Disallowance of speculation loss - purchase and sale of silver ...

Income Tax

March 18, 2016

Disallowance of speculation loss - purchase and sale of silver and other metals by holding such loss as bogus and inadmissible -Both the parties are confirming the transactions which have been duly supported with the books of accounts and bank transactions - The broker was expelled from the commodity exchange cannot be the criteria to hold the transaction as bogus - AT

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