Share Trading through Benami: ITAT upholds Denial of Claim of Business Loss [Read Order]

Share Trading - Benami - ITAT - Business Loss - taxscan

While considering a bunch of appeals the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that share trading through Benami can’t be claimed as a business loss by the assessee and upheld the denial of the above-said claim by the CIT(A). The assessee was represented by Shri Aseem Thakkar and revenue was…

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