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Whether Long Term Capital Loss allowed in case of Share Capital Reduction?

11 months ago

4 min read

Recently, Hon’ble the Supreme Court reiterated that reduction in share capital is covered under Section 2(47) of the Income Tax Act, 1961 and the assessee is eligible to claim losses.

Facts of the Case:

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Aniruddha Jain

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Whether Long Term Capital Loss allowed in case of Share Capital Reduction?

Facts of the Case:

Aniruddha Jain

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