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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Short term capital loss on sale of shares - revenue has failed ...

Income Tax

May 20, 2017

Short term capital loss on sale of shares - revenue has failed to establish that transactions are sham and merely book entries and further the explanation to section 73 does not apply to the facts of the case thereby directing the ld AO to allow the short term capital loss to be carried forward. - AT

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