Assessing Officer's Inconsistent Approach: Genuine Transactions Accepted for Gains, Questioned for Losses in Short-Term Capital Setoff.

Assessing Officer's Inconsistent Approach: Genuine Transactions Accepted for Gains, Questioned for Losses in Short-Term Capital Setoff. https://www.taxtmi.com/highlights?id=42009 Setoff of short term loss from shares with short term capital gain - Genuineness of loss - the AO could not have on one hand accepted the genuineness of the transaction which resulted in gain, but on other hand doubted the genuineness only where the transaction resulted in loss. en-us Fri, 12 Oct 2018 09:54:53 +0530 Fri, 12 Oct 2018 09:54:53 +0530 TaxTMI RSS Generator Assessing Officer's Inconsistent Approach: Genuine Transactions Accepted for Gains, Questioned for Losses in Short-Term Capital Setoff. https://www.taxtmi.com/highlights?id=42009 Setoff of short term loss from shares with short term capital gain - Genuineness of loss - the AO could not have on one hand accepted the genuineness of the transaction which resulted in gain, but on other hand doubted the genuineness only where the transaction resulted in loss. Highlights Income Tax Fri, 12 Oct 2018 09:54:53 +0530 https://www.taxtmi.com/highlights?id=42009