Assessee's Short-Term Capital Loss Restricted for Selling Car to Director Below Book Value Without Satisfactory Explanation.

Assessee's Short-Term Capital Loss Restricted for Selling Car to Director Below Book Value Without Satisfactory Explanation. https://www.taxtmi.com/highlights?id=19047 Assessee could not satisfactorily explain the reason for selling the motor car to its own director at a price less than the WDV as per the record of the assessee – short term capital loss on sale of motor car restricted - AT en-us Thu, 26 Jun 2014 19:51:53 +0530 Thu, 26 Jun 2014 19:51:53 +0530 TaxTMI RSS Generator Assessee's Short-Term Capital Loss Restricted for Selling Car to Director Below Book Value Without Satisfactory Explanation. https://www.taxtmi.com/highlights?id=19047 Assessee could not satisfactorily explain the reason for selling the motor car to its own director at a price less than the WDV as per the record of the assessee – short term capital loss on sale of motor car restricted - AT Highlights Income Tax Thu, 26 Jun 2014 19:51:53 +0530 https://www.taxtmi.com/highlights?id=19047