Purchase & Sale of Group Company share cannot be treated Bogus if same was done to book loss and off-set capital gains

ACIT Vs M/s. R J Corp. Ltd. (ITAT Delhi)

The A. O. has made a observation that the short term capital loss has been incurred on share of group companies and such shares have also been sold to group companies in such a manner that the entire shareholding of the investee company remains with the promoters and at the same time loss has been incurred i

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