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Capital Loss due to Cancellation of Equity Shares in a Subsidiary Company: Admissibility under Income Tax Act, 1961

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March 22, 2025

Capital Loss due to Cancellation of Equity Shares in a Subsidiary Company: Admissibility under Income Tax Act, 1961

The Article has been drafted by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Akshita Varshney. Case Background & Facts: The Supreme Court (“SC”), on 02.01.2025, ruled in the case of Principal Commissioner of Income Tax-4 & Anr. v/s M/s Jupiter Capital Pvt. Ltd. (Appeal No. 63 of 2025),  that capital loss of equity shares held in a subsidiary […]

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