Losses written off - ‘business loss’ or ‘capital loss - The ...

Income Tax

October 19, 2021

Losses written off - ‘business loss’ or ‘capital loss - The present facts of the assessee’s case shows that the investment was made not for the purpose of expansion of business activity but it was made with a view to creating capital asset in the form of holding shares - the claim of assessee cannot be held as ‘business loss’ rather it is a ‘capital loss’. - AT

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Losses written off - ‘business loss’ or ‘capital loss - The ...

Income Tax

October 19, 2021

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