https://www.taxtmi.com/highlights?id=38806 Long term capital loss - The transactions carried by assessee are valid in law, cannot be treated as non-est merely on the basis of some economic detriment or it may be prejudicial to the interest of revenue. Further, if the period co-existed or permitted the assessee to set off her capital loss against the capital gain earned, would itself not give rise to the presumption that the transaction was in the nature of colourable device - AT en-us Mon, 09 Apr 2018 08:15:36 +0530 Mon, 09 Apr 2018 08:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38806 Long term capital loss - The transactions carried by assessee are valid in law, cannot be treated as non-est merely on the basis of some economic detriment or it may be prejudicial to the interest of revenue. Further, if the period co-existed or permitted the assessee to set off her capital loss against the capital gain earned, would itself not give rise to the presumption that the transaction was in the nature of colourable device - AT Highlights Income Tax Mon, 09 Apr 2018 08:15:36 +0530 https://www.taxtmi.com/highlights?id=38806