Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]

By Shabna Rahim - On June 25, 2023 4:30 pm - 2 mins read

Claim for Deduction of Loss on Sale of Shares - Invalid Filing of Revised ROI - Claim for Deduction - Loss on Sale of Shares - ITAT Direct Re-adjudication - taxscan

The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed the assessing officer to re-adjudicate the rejection of the claim for deduction of loss on sale of shares due to invalid filing of revised return of income(ROI). Bilcare Limited, the appellant assessee was a company incorporated under the provisions of the Companies Act,…

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