Addition regarding claim of capital loss - redemption of the ...

Company's Capital Loss Claim on Redeemed Shares Deemed Legitimate; New Share Subscription Valid for Tax Benefits.

July 3, 2019

Case Laws Income Tax AT

Addition regarding claim of capital loss - redemption of the preference shares - in order to get the return on old investment, it has redeemed the shares by subscribing fresh shares with better return and term - it is decision for the benefit of the company and simply because it is reducing taxable income does not mean that it will become bogus - allowable capital loss

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Addition regarding claim of capital loss - redemption of the ...

Company's Capital Loss Claim on Redeemed Shares Deemed Legitimate; New Share Subscription Valid for Tax Benefits.

July 3, 2019

Case Laws Income Tax AT

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Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016 - Notification

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