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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Loss suffered by a company in share transactions is to be ...

Income Tax

April 16, 2016

Loss suffered by a company in share transactions is to be treated as a speculative loss within the meaning of s. 73, notwithstanding the fact that there was actual delivery of scrips of shares and the transaction is not within the purview of the definition of speculative transaction in s. 43(5) - AT

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