Treatment to the losses on sale of share as "capital loss" - ...

Shares Valued as Investments: Losses Classified as Capital Loss, Not Business Loss Due to Accounting Method and Auditor's Certification.

June 30, 2015

Case Laws Income Tax AT

Treatment to the losses on sale of share as "capital loss" - Assessee has in its books treated the shares as investment and accordingly valued the shares at cost and therefore its contention of holding the shares at stock in trade is also not supported by the method of accounting and its valuation - auditor has also certified that there is no conversion of capital asset to stock in trade. - AT

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Treatment to the losses on sale of share as "capital loss" - ...

Shares Valued as Investments: Losses Classified as Capital Loss, Not Business Loss Due to Accounting Method and Auditor's Certification.

June 30, 2015

Case Laws Income Tax AT

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