https://www.taxtmi.com/highlights?id=60170 Losses written off - ‘business loss’ or ‘capital loss - The present facts of the assessee’s case shows that the investment was made not for the purpose of expansion of business activity but it was made with a view to creating capital asset in the form of holding shares - the claim of assessee cannot be held as ‘business loss’ rather it is a ‘capital loss’. - AT en-us Tue, 19 Oct 2021 16:35:34 +0530 Tue, 19 Oct 2021 16:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60170 Losses written off - ‘business loss’ or ‘capital loss - The present facts of the assessee’s case shows that the investment was made not for the purpose of expansion of business activity but it was made with a view to creating capital asset in the form of holding shares - the claim of assessee cannot be held as ‘business loss’ rather it is a ‘capital loss’. - AT Highlights Income Tax Tue, 19 Oct 2021 16:35:34 +0530 https://www.taxtmi.com/highlights?id=60170