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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Loss incurred on sale of shares of subsidiary company - CIT(A) ...


Commissioner Misclassifies Subsidiary Share Sale Loss as Capital Loss Instead of Business Loss.

January 7, 2019

Case Laws     Income Tax     AT

Loss incurred on sale of shares of subsidiary company - CIT(A) was not justified in holding that the loss incurred on sale of shares of subsidiary companies is a capital loss and not a business loss.

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