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2021 (10) TMI 114 - AT - Income TaxShort Term Capital Loss on forfeiture of convertible share warrants - transfer u/s 2(47) of asset - extinguishment of the right of the assessee to obtain a share - HELD THAT:- As decided in PAVITRA COMMERCIALS LTD. VERSUS DCIT, CC 20, NEW DELHI. [2014 (12) TMI 1384 - ITAT DELHI] allowed the Short Term Capital Loss on the forfeiture of Convertible Share Warrants - thus Assessing Officer is hereby directed to delete the addition. Accordingly, the ground of the assessee’s appeal is allowed.
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