Capital Loss - As long as the Revenue could not doubt the sale ...
Court Rules Revenue Can't Challenge Share Sale Price or Dispute Taxpayer's Reported Loss as Not Genuine.
August 31, 2012
Case Laws Income Tax HC
Capital Loss - As long as the Revenue could not doubt the sale price of the shares, it would not be open for the Revenue to contend that the assessee had shown loss which it did not really suffer - HC
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