ITAT Allows Capital Loss of Rs 2,047 Crore for Tata Sons | India Business News – Times of India

[ad_1] MUMBAI: The income-tax appellate tribunal (ITAT) has allowed a long-term capital loss of Rs 2,047 crore in the hands of Tata Sons for the financial year 2008-09. It quashed a revisionary order that was passed by the principal commissioner of income-tax against this loss-claim.The loss arose owing to the reduction of paid-up share capital…

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