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Assistant Commissioner of Income-tax Versus Naishad I. Parikh - Income Tax - Case Laws

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Assistant Commissioner of Income-tax Versus Naishad I. Parikh - Income Tax - ITAT AHMEDABAD - Tri - Loss in share trading - Loss in Futures Options activity AO disallowed appellant s claim of share trading and F O losses along with OD interest as personal in nature since these transactions were not routed through P L a/c Held that - The appellant had followed the consistent method of computation of income/loss from the earlier year for which necessary evidence has been placed on record - t................................... Income Tax - Case Laws

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