ITAT upholds Disallowance on Account of  Failure to prove Long Term Capital Loss arises from Sale of Share Of Company [Read Order]

By Aparna. M - On August 1, 2023 11:03 am - 2 mins read
ITAT - disallowance - account -  Failure - prove- Long -Term -Capital -Loss - Sale - Share - Company-taxscan

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench upheld the disallowance made by the assessing officer on account of failure to prove long term capital loss arises  from the sale of shares of the company. Assessee,  Pat – Fab Engineering Pvt. Ltd filed its return of income along with claiming long term capital gain.  The…

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