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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Genuineness of long term capital loss on sale of shares - The ...


Court Confirms Revenue Cannot Question Share Sale Timing for Tax Benefits if Legally Valid.

October 26, 2017

Case Laws     Income Tax     HC

Genuineness of long term capital loss on sale of shares - The Revenue cannot question the timing of shares only because effect thereof would be to reduce the assessee's capital gain arising out of sale of immovable property - HC

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