https://www.taxtmi.com/highlights?id=31384 Understatement of sales consideration - dubious or bogus or collusive transaction - when the prices will go up and down, that may result in gain or loss, it cannot be said that it is colourable device adopted by the assessee - One who deals in shares in the open market, knows the depth of the same and not the AO. - AT en-us Sat, 24 Sep 2016 09:22:14 +0530 Sat, 24 Sep 2016 09:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31384 Understatement of sales consideration - dubious or bogus or collusive transaction - when the prices will go up and down, that may result in gain or loss, it cannot be said that it is colourable device adopted by the assessee - One who deals in shares in the open market, knows the depth of the same and not the AO. - AT Highlights Income Tax Sat, 24 Sep 2016 09:22:14 +0530 https://www.taxtmi.com/highlights?id=31384