Deemed Loss - Diminution in the value of investment in two ...

Court Rules No Deduction for Unlisted Shares' Value Drop Until Sold; Loss Not Recognized Until Sale Finalized.

January 12, 2023

Case Laws Income Tax HC

Deemed Loss - Diminution in the value of investment in two unlisted companies - Loss in the value of investment will arise only when such shares are sold by the appellant. The appellant is therefore not entitled for deduction on account of alleged “diminution in the value of investment” due to the purported loss suffered by the said company on such investment of the appellant. Therefore, the Question of Law is answered against the appellant assessee. - HC

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Deemed Loss - Diminution in the value of investment in two ...

Court Rules No Deduction for Unlisted Shares' Value Drop Until Sold; Loss Not Recognized Until Sale Finalized.

January 12, 2023

Case Laws Income Tax HC

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