https://www.taxtmi.com/highlights?id=36978 Disallowance of short term capital Loss - the provisions of Sec.94(4) of the Act would apply only in cases where the assessee had carried on the transactions of purchase and sale of securities during the course of business and since the purchase and sale of the bonds in question was not a business activity, the provisions of Sec.94(4) of the Act was not applicable to the transaction. - AT en-us Fri, 24 Nov 2017 10:35:44 +0530 Fri, 24 Nov 2017 10:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36978 Disallowance of short term capital Loss - the provisions of Sec.94(4) of the Act would apply only in cases where the assessee had carried on the transactions of purchase and sale of securities during the course of business and since the purchase and sale of the bonds in question was not a business activity, the provisions of Sec.94(4) of the Act was not applicable to the transaction. - AT Highlights Income Tax Fri, 24 Nov 2017 10:35:44 +0530 https://www.taxtmi.com/highlights?id=36978