Appellant's Capital Loss Claim Allowed Despite Unchanged Share Face Value Due to Investee's Capital Reduction Under Tax Provisions.

Appellant's Capital Loss Claim Allowed Despite Unchanged Share Face Value Due to Investee's Capital Reduction Under Tax Provisions. https://www.taxtmi.com/highlights?id=43113 Disallowing the claim of capital loss incurred by the appellant due to reduction of capital by the investee company - transfer u/s 2(47) - face value of shares remains the same - assessee’s claim for capital loss on account of reduction in share capital in ANNPL is allowable en-us Thu, 06 Dec 2018 08:04:11 +0530 Thu, 06 Dec 2018 08:04:11 +0530 TaxTMI RSS Generator Appellant's Capital Loss Claim Allowed Despite Unchanged Share Face Value Due to Investee's Capital Reduction Under Tax Provisions. https://www.taxtmi.com/highlights?id=43113 Disallowing the claim of capital loss incurred by the appellant due to reduction of capital by the investee company - transfer u/s 2(47) - face value of shares remains the same - assessee’s claim for capital loss on account of reduction in share capital in ANNPL is allowable Highlights Income Tax Thu, 06 Dec 2018 08:04:11 +0530 https://www.taxtmi.com/highlights?id=43113