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Capital Loss Claim Valid on Shares Sold to Sister Concern; Authorities Can't Judge Business Decisions.

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....Capital loss - sale of shares to sister concern when the transaction for sale to an outside buyer for a much higher price is being processed - the transaction is neither fraudulent nor a colourable device - Authorities cannot enter into the shoe of the assessee to decide the prudence of commercial expediency of a particular transaction.....

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Capital Loss Claim Valid on Shares Sold to Sister Concern; Authorities Can't Judge Business Decisions.