https://www.taxtmi.com/caselaws?id=103362 Loss from sale of right issue entitlements may be recognised in computing capital gains where the underlying investment is a capital asset and the claimed diminution reflects an actual capital loss rather than a merely notional loss. Applying settled judicial principles on capital gains computation, the appellate authority accepted that the assessee's claim could not be disallowed on the ground that it was notional. The loss on the sale of the right entitlements was therefore allowable in capital gains computation. en-us Wed, 13 Mar 2002 00:00:00 +0530 Wed, 22 Feb 2012 15:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103362 Loss from sale of right issue entitlements may be recognised in computing capital gains where the underlying investment is a capital asset and the claimed diminution reflects an actual capital loss rather than a merely notional loss. Applying settled judicial principles on capital gains computation, the appellate authority accepted that the assessee's claim could not be disallowed on the ground that it was notional. The loss on the sale of the right entitlements was therefore allowable in capital gains computation. Case-Laws Income Tax Wed, 13 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103362