Disallowance of artificial loss made on account of fictitious ...

Income Tax

September 27, 2018

Disallowance of artificial loss made on account of fictitious transactions - CIT(A) has deleted the addition merely by observing that the books of accounts of the assessee were audited and have not been rejected by the AO. - Matter restored before the CIT(A)

View Source

← Previous Next →

Disallowance of artificial loss made on account of fictitious ...

Income Tax

September 27, 2018

You may also like:

Disallowance of short term capital loss - creation of artificial loss - assessee appellants failed to discharge the onus, to prove the genuineness of the transactions of...

Disallowance of Capital Loss on Sale of Shares - sale of shares due to the amalgamation of certain entities - The AO disallowed the loss, treating it as an artificial...

Disallowance of LTCG - claim of long term capital loss - genuineness of transactions - Establishment of source of amount received – addition made by the CIT(A) is to be upheld - AT

Disallowance on account of 'mark to market loss' on F&O transaction - additions deleted - AT

Disallowance of capital loss – Genuineness of the transaction - Merely because the transaction is between the relatives, it, per se, cannot be said to be sham or bogus...

Disallowance of capital loss – Revenue was of the view that the transaction is a sham to book an artificial loss – just because the transaction is between the relatives,...

Bogus short-term capital loss on sale of shares - AO simply proceeded on the basis of the financials of the company to come to the conclusion that the transactions were...

Disallowance u/s 14A - Carry forward of business loss – setting off carry forward business losses now depends on the finality of the addition made by Assessing Officer...

Disallowance of loss from derivative business – assessee, having lack of knowledge about the contract note, did not desire for the contract note from sub-broker -...

Artificial capital gains loss - colourable device to evade tax - Allegation of transfer of agricultural land to LLP to generation artificial loss to set off with capital...

Quick Updates: