Purchasing shares pre-bonus and selling post-bonus generating short-term capital loss is not an impermissible avoidance arrangement under GAAR.
Purchasing shares pre-bonus and selling post-bonus generating short-term capital loss is not an impermissible avoidance arrangement under GAAR. Issue Whether purchasing shares of listed companies prior to bonus declaration and selling them post-allotment to generate a short-term capital loss constitutes an “arrangement” under Section 102 or an “impermissible avoidance arrangement” under Section 96(1) attracting General… Read More »