Reduction in Equity Share Capital as Notional Loss Not Taxable Under Income Tax Act Provisions.

Relinquishment of Asset - extinguishment of rights - reduction in paid up equity share capital? - loss can be described as notional loss and it is settled principle that no notional loss or income can be subjected to the provisions of the I.T. Act .... - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X