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Case Law Details

Case Name : ITO Vs J.M. Morgan Stanley P. Ltd. (ITAT Mumbai)
Appeal Number : ITA No.623/Mum/2009
Date of Judgement/Order : 13/12/2013
Related Assessment Year :
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Issue – Whether the transaction of sale of shares of a group company at a loss could be treated as a non-genuine transaction intended solely to create a loss to adjust against taxable income?

Held in favour of Assessee :-

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