Disallwance of long term capital loss - shares had been sold off ...

Long-term capital loss claim allowed after AO's disallowance; off-market share sale not deemed a colorable device.

August 17, 2018

Case Laws Income Tax AT

Disallwance of long term capital loss - shares had been sold off market to a group company showing a loss - AO treated the said transactions as a colorable devise - AO is not correct in its observations - Claim of loss allowed.

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Disallwance of long term capital loss - shares had been sold off ...

Long-term capital loss claim allowed after AO's disallowance; off-market share sale not deemed a colorable device.

August 17, 2018

Case Laws Income Tax AT

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