Court Rules Revenue Can't Challenge Share Sale Price or Dispute Taxpayer's Reported Loss as Not Genuine. https://www.taxtmi.com/highlights?id=5058 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 en-us Fri, 31 Aug 2012 18:19:20 +0530 Fri, 31 Aug 2012 18:19:20 +0530 TaxTMI RSS Generator Court Rules Revenue Can't Challenge Share Sale Price or Dispute Taxpayer's Reported Loss as Not Genuine. https://www.taxtmi.com/highlights?id=5058 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 Highlights Income Tax Fri, 31 Aug 2012 18:19:20 +0530 https://www.taxtmi.com/highlights?id=5058