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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Diminution in the value of the shares - value of its ...


Share Value Drop Seen as Notional Capital Loss, Not Revenue Expenditure for Tax Purposes.

June 11, 2013

Case Laws     Income Tax     AT

Diminution in the value of the shares - value of its investments that have fallen down which is nothing but a notional capital loss - cannot be allowed as Revenue expenditure. - AT

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