https://www.taxtmi.com/highlights?id=58854 Loss on sale of investment - bonafide loss or not? - As the assessee did purchase the shares from M/s. GRPL and have actually sold the shares and the shares have been subsequently transferred in the name HSIDC, we do not find any merit in the findings of the AO/ CIT(A). The loss incurred by the assessee on the said transaction is a bonafide loss and deserves to be allowed as such claimed by the assessee. - AT en-us Tue, 20 Jul 2021 15:21:07 +0530 Tue, 20 Jul 2021 15:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58854 Loss on sale of investment - bonafide loss or not? - As the assessee did purchase the shares from M/s. GRPL and have actually sold the shares and the shares have been subsequently transferred in the name HSIDC, we do not find any merit in the findings of the AO/ CIT(A). The loss incurred by the assessee on the said transaction is a bonafide loss and deserves to be allowed as such claimed by the assessee. - AT Highlights Income Tax Tue, 20 Jul 2021 15:21:07 +0530 https://www.taxtmi.com/highlights?id=58854