Short-Term Capital Loss Denied for Intra-Group Share Sale; Deemed Sham Transaction During Lock-In Period.

Short-Term Capital Loss Denied for Intra-Group Share Sale; Deemed Sham Transaction During Lock-In Period. https://www.taxtmi.com/highlights?id=27367 Disallowance of short term capital loss on sale of shares - sale of share was effected between two group companies having the same directors about the shares of the group company during the lock-in period - it is case of sham transaction - loss booked not allowed - AT en-us Wed, 17 Feb 2016 17:35:29 +0530 Wed, 17 Feb 2016 17:35:29 +0530 TaxTMI RSS Generator Short-Term Capital Loss Denied for Intra-Group Share Sale; Deemed Sham Transaction During Lock-In Period. https://www.taxtmi.com/highlights?id=27367 Disallowance of short term capital loss on sale of shares - sale of share was effected between two group companies having the same directors about the shares of the group company during the lock-in period - it is case of sham transaction - loss booked not allowed - AT Highlights Income Tax Wed, 17 Feb 2016 17:35:29 +0530 https://www.taxtmi.com/highlights?id=27367