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Income Tax - Highlights / Catch Notes

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Short term capital loss on sale of shares - When the provisions ...

Income Tax

March 18, 2016

Short term capital loss on sale of shares - When the provisions of Section 43 (5) is not applicable to the facts of this case, the contention that the case of the assessee would be covered under explanation to Section 73 of the Income Tax Act, 1961, cannot be accepted. - HC

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