Home / 
Avoidance of tax by buy and sale back transaction in security.
X X X X Extracts X X X X
X X X X Extracts X X X X
....f tax by buy and sale back transaction in security. 121. (1) The transaction relating to buy and sale back of security under section 120 shall, in the case of the other person referred to therein, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ing his total income, if any other income accruing to the person on such security is not included in his total income. (3) The loss, referred to in sub-section (2), shall be igno....
TaxTMI