No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]

No Addition - No Addition can be made - Disallowance of Capital Loss on Account - Account - Disallowance - Capital Loss - Way of Disallowance - Real Ownership of Company - Ownership of Company - taxscan

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no addition could be made by the way of disallowance of capital loss on account of no change in real ownership of the company of assessee. BSBK Engineers Pvt Ltd, the respondent assessee was engaged in the business of generation of electricity through…

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