On 20 July 2021, the Mumbai bench of Income Tax Appellate Tribunal (ITAT) in Swiss Reinsurance Company Ltd v. DCIT dealt with an issue that if there is a loss on the sale of shares that were acquired at a premium of an Indian company by a foreign corporation and the sale of these shares resulted in long-term capital loss.On 20 July 2021, the Mumbai bench of Income Tax Appellate Tribunal (ITAT) in Swiss Reinsurance Company Ltd v. DCIT dealt with an issue that if there is a loss on the sale of shares that were acquired at a premium of an Indian company by a foreign corporation and the sale of these shares resulted in long-term capital loss.taxmann.com Latest ArticlesRead More
