The shares were sold first with the intention to purchase the...
Speculation Loss Confirmed: Assessee's Share Repurchase Was to Minimize Losses, Not a Contrived Loss.
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Income TaxApril 4, 2013Case LawsAT
The shares were sold first with the intention to purchase the same when its prices fell down but since the price of shares increased, the assessee had to purchase the shares to minimize the loss. - it is a speculation loss and not a contrived loss - AT