![Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]")
Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the loss incurred on the sale of the shares of the subsidiary companies...
![Jackie Shroff eligible to Tax Deduction as Writing Off of Loan to Wife is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/js2.jpg "Jackie Shroff eligible to Tax Deduction as Writing Off of Loan to Wife is Business Loss: ITAT [Read Order]")
![Rental Advance adjusted towards Negotiated Settlement for Lock in period is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Rental-Advance-Taxscan.jpg "Rental Advance adjusted towards Negotiated Settlement for Lock in period is Business Loss: ITAT [Read Order]")
![Loss of Security Deposit towards Rented Premises Deductible as Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss of Security Deposit towards Rented Premises Deductible as Business Loss: ITAT [Read Order]")
Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]
In Dheeraj Consultancy P. Ltd v. ACIT, the Mumbai ITAT held that the finance cost incurred on overdraft obtained from the bank which is advanced to sister concern for the non-business purpose is not...
![Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Finance cost incurred on Overdraft obtained from Bank which is advanced to Sister Concern for Non-Business purpose is not Business Loss: ITAT [Read Order]")
![Loss on the sale of Mutual Fund is Business Loss, Not Capital Loss: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Mutual-Fund-Taxscan.jpg "Loss on the sale of Mutual Fund is Business Loss, Not Capital Loss: ITAT Delhi [Read Order]")
Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]
The division bench of the Madras High Court comprising of Justice Huluvadi G Ramesh and Justice Anita Sumant, in the case of K.D Madan v. ITO, held that the loss on sale of foreign Cars used in the...
![Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Loss on Sale of Foreign Cars used in the Business of Assessee is ‘Business Loss’: Madras HC [Read Judgment]")
Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]
In M/s IMC Ltd v. DCIT, the division bench of the ITAT Kolkata held that the loss incurred on failure of a Joint venture project during the course of business can be treated as business loss if the...
![Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Business-Loss-Taxscan.jpg "Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]")
Loss on Sale of Shares of a wholly owned Subsidiary - Made for Commercial Purpose, is Business Loss: ITAT Cochin [Read Order]
In a recent decision, the Cochin bench of the ITAT ruled that the loss incurred on the sale of shares of a wholly-owned subsidiary is allowable as business loss under section 37(1) of the Income Tax...
![Loss on Sale of Shares of a wholly owned Subsidiary - Made for Commercial Purpose, is Business Loss: ITAT Cochin [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Loss on Sale of Shares of a wholly owned Subsidiary - Made for Commercial Purpose, is Business Loss: ITAT Cochin [Read Order]")
![Assessee can set off business loss even after business transfer agreement: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan.jpg "Assessee can set off business loss even after business transfer agreement: Madras HC [Read Judgment]")
Confiscation of Smuggled Goods is not a ‘Business Loss’ even if the Assessee is acquitted from Criminal charges: Calcutta HC [Read Judgment]
“Decision of a Criminal Court is not binding in a Civil Action”. The division bench of the Calcutta High Court in a recent decision categorically held that the confiscation of the smuggled goods...
