https://www.taxtmi.com/highlights?id=55178 Assessment u/s 153A - sham loss on sale of shares - Assessee himself has discredited the entries pertaining the purchase and sale transactions of shares in its books. The submissions remains un-repudiated to our understanding. It is thus observed that the assessee has come forward to make an inexplicable and strange admission that certain profits arising on sale of shares have been introduced in the books unilaterally as book / paper entries without any supporting material. - AT en-us Thu, 15 Oct 2020 14:52:39 +0530 Thu, 15 Oct 2020 14:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55178 Assessment u/s 153A - sham loss on sale of shares - Assessee himself has discredited the entries pertaining the purchase and sale transactions of shares in its books. The submissions remains un-repudiated to our understanding. It is thus observed that the assessee has come forward to make an inexplicable and strange admission that certain profits arising on sale of shares have been introduced in the books unilaterally as book / paper entries without any supporting material. - AT Highlights Income Tax Thu, 15 Oct 2020 14:52:39 +0530 https://www.taxtmi.com/highlights?id=55178