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Income Tax - Highlights / Catch Notes

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Disallowance of loss claimed - sale of shares - It is quite ...

Income Tax

September 22, 2016

Disallowance of loss claimed - sale of shares - It is quite difficult for the assessee to comment on the nature of the evidence collected from the NSE, because according to the assessee it has carried out the transactions through broker. Now, if some ambiguity has come on the record, such ambiguity could be explained by the broker - AO to re-adjudicate the issue - AT

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