[aaykarbhavan] Short-term capital losses disallowed as assessee dealt in shares to create artificial losses

Short-term capital losses disallowed as assessee dealt in shares to create artificial losses

May 30, 2014[2014] 45 taxmann.com 186 (Punjab & Haryana)

IT: Short-term capital loss to be disallowed where trading transactions of purchase and sale of shares had been effected to create artificial loss with a view to reducing tax liability

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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