https://www.taxtmi.com/highlights?id=53820 Determination and carry forward of long term capital loss in respect of shares held in Mahindra Shubhlabh Services Ltd., arising upon reduction in share capital by that company - there was extinguishment of the rights of the assessee and hence, this reduction has resulted into a capital loss in the hands of the shareholder i.e. assessee company. - assessee company received no consideration on reduction of capital - Claim not allowed. en-us Wed, 24 Jun 2020 10:54:23 +0530 Wed, 24 Jun 2020 10:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53820 Determination and carry forward of long term capital loss in respect of shares held in Mahindra Shubhlabh Services Ltd., arising upon reduction in share capital by that company - there was extinguishment of the rights of the assessee and hence, this reduction has resulted into a capital loss in the hands of the shareholder i.e. assessee company. - assessee company received no consideration on reduction of capital - Claim not allowed. Highlights Income Tax Wed, 24 Jun 2020 10:54:23 +0530 https://www.taxtmi.com/highlights?id=53820