https://www.taxtmi.com/highlights?id=47664 Addition regarding claim of capital loss - redemption of the preference shares - in order to get the return on old investment, it has redeemed the shares by subscribing fresh shares with better return and term - it is decision for the benefit of the company and simply because it is reducing taxable income does not mean that it will become bogus - allowable capital loss en-us Wed, 03 Jul 2019 08:11:02 +0530 Wed, 03 Jul 2019 08:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47664 Addition regarding claim of capital loss - redemption of the preference shares - in order to get the return on old investment, it has redeemed the shares by subscribing fresh shares with better return and term - it is decision for the benefit of the company and simply because it is reducing taxable income does not mean that it will become bogus - allowable capital loss Highlights Income Tax Wed, 03 Jul 2019 08:11:02 +0530 https://www.taxtmi.com/highlights?id=47664