Supreme Court Clarifies Capital Loss on Share Reduction: Jupiter Capital Case (2025)
Date of the Judgment: January 2, 2025 Citation: 2025 INSC 38 Judges: Justice J.B. Pardiwala and Justice R. Mahadevan Can a reduction in share capital lead to a capital loss for tax purposes? The Supreme Court of India recently addressed this question in a case involving Jupiter Capital Pvt. Ltd. The court clarified that a […]
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