https://www.taxtmi.com/highlights?id=51656 Disallowance of capital loss on account of capital reduction scheme - Extinguishment of rights in shares - definition of ‘transfer’ u/s 2(47) - Loss arising to the assessee for cancellation of its shares in CHIPL pursuant to reduction of capital should be allowed as long term capital loss eligible to be carried forward to subsequent years. en-us Sat, 08 Feb 2020 17:14:45 +0530 Sat, 08 Feb 2020 17:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51656 Disallowance of capital loss on account of capital reduction scheme - Extinguishment of rights in shares - definition of ‘transfer’ u/s 2(47) - Loss arising to the assessee for cancellation of its shares in CHIPL pursuant to reduction of capital should be allowed as long term capital loss eligible to be carried forward to subsequent years. Highlights Income Tax Sat, 08 Feb 2020 17:14:45 +0530 https://www.taxtmi.com/highlights?id=51656