Deemed Loss - Diminution in the value of investment in two ...
Income Tax
January 12, 2023
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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