Taxpayer's Land Transactions Deemed Sham, Short-Term Capital Loss Claims Disallowed by Authorities.

Taxpayer's Land Transactions Deemed Sham, Short-Term Capital Loss Claims Disallowed by Authorities. https://www.taxtmi.com/highlights?id=32103 Short term capital loss - transactions for purchase and sale of land are not proved by the assessee to be genuine transactions and are held by us to be sham and colorable devices and short term capital loss - cannot be allowed - AT en-us Wed, 16 Nov 2016 17:06:13 +0530 Wed, 16 Nov 2016 17:06:13 +0530 TaxTMI RSS Generator Taxpayer's Land Transactions Deemed Sham, Short-Term Capital Loss Claims Disallowed by Authorities. https://www.taxtmi.com/highlights?id=32103 Short term capital loss - transactions for purchase and sale of land are not proved by the assessee to be genuine transactions and are held by us to be sham and colorable devices and short term capital loss - cannot be allowed - AT Highlights Income Tax Wed, 16 Nov 2016 17:06:13 +0530 https://www.taxtmi.com/highlights?id=32103