Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the loss incurred on the sale of the shares of the subsidiary companies would amount to business loss under the provisions of the Income Tax Act, 1961. The assessee was aggrieved with the order of the Assessing Officer who treated the loss […]

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