Capital Loss from Share Sale to Relatives Not Automatically a Sham Transaction, Relationships Alone Insufficient Basis.

Capital Loss from Share Sale to Relatives Not Automatically a Sham Transaction, Relationships Alone Insufficient Basis. https://www.taxtmi.com/highlights?id=4966 Long term capital loss on sale of shares - Just because of assessee sold shares to daughter and sister concern, it cannot be considered that the transactions are sham transactions - AT en-us Sat, 25 Aug 2012 07:38:49 +0530 Sat, 25 Aug 2012 07:38:49 +0530 TaxTMI RSS Generator Capital Loss from Share Sale to Relatives Not Automatically a Sham Transaction, Relationships Alone Insufficient Basis. https://www.taxtmi.com/highlights?id=4966 Long term capital loss on sale of shares - Just because of assessee sold shares to daughter and sister concern, it cannot be considered that the transactions are sham transactions - AT Highlights Income Tax Sat, 25 Aug 2012 07:38:49 +0530 https://www.taxtmi.com/highlights?id=4966