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    Income Tax

    Long Term Capital Gain - loss claimed by the assessee - In the...

    Assessing Officer Rejects Tax Avoidance Claim in Capital Loss Transaction with Group Company Below Book Value.

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    Income TaxApril 8, 2016Case LawsAT

    Long Term Capital Gain - loss claimed by the assessee - In the instant case the transaction was with the group company and at the price less than the book value. - this observation of the AO does not make the transaction as colorable device to reduce the tax burden. - AT

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