Case Law Details
Case Name : Apollo Tyres Ltd. Vs. ACIT (ITAT Cochin)
Related Assessment Year : 2010-11,2011-12
Courts :
All ITAT ITAT Cochin
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
In the case of Apollo Tyres Ltd vs. ACIT , ITAT Cochin held that The loss on sale of shares of a wholly-owned subsidiary is allowable under Section 37(1) of Income Tax Act, 1961 as a business loss if the investment in the subsidiary was made for commercial purposes.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.