Short term capital loss - genuine purchase and sale of shares or ...

Court Questions Authenticity of Share Transactions; AO's Disallowance Labeled Speculative u/r 11UA Valuation.

March 11, 2020

Case Laws Income Tax AT

Short term capital loss - genuine purchase and sale of shares or not - value of consideration for transfer of shares is far exceeding the valuation as per Rule 11UA. - the AO has failed to point out any mistake in the working of the value of shares as per Rule 11UA. The disallowance made by the AO is based on conjectures. - AT

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Short term capital loss - genuine purchase and sale of shares or ...

Court Questions Authenticity of Share Transactions; AO's Disallowance Labeled Speculative u/r 11UA Valuation.

March 11, 2020

Case Laws Income Tax AT

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