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![Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]")
Loss on Forfeiture of Shares is Revenue Expenditure If Assessee is a Trader in Shares: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Tanvi Financial Services Private Limited v. Income Tax Officer ruling...