Claim of capital loss by furnishing of revised return is unsustainable

RRPR Holding Private Limited Vs DCIT (ITAT Delhi)

ITAT Delhi held that revised return cannot be filed to cover up deliberate omission etc. in the original return. Thus, claim of the Assessee towards incurring impugned capital loss and carryforward thereof vide the revised return is unsustainable.

Facts- The assessee is an Investment Holding Company set up to acquire and hold shares of NDTV Ltd. and its Group Cos. Pending completion of the assessment u/s. 143(3), the assess

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