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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Short term capital loss - if any, loss have been suffered by the ...


Assessing Officer Cannot Deem Short-Term Capital Loss Non-Genuine Based on Irrelevant Reasons in Assessment Order.

October 5, 2018

Case Laws     Income Tax     AT

Short term capital loss - if any, loss have been suffered by the assessee-company, A.O. cannot treat the same as non-genuine due to extraneous considerations or irrelevant reasons in the assessment order.

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