Capital gain

lalit vyas (student) (41 Points)

24 April 2012  

SHARE APPLICATION MONEY FORFEITED BY COMPANY WILL RESULTED SHORT TERM CAPITAL LOSS IN THE HANDS OF INVESTOR , IT IS WELL STABLISHED FACT AS HELD IN BPL SANYO FINANCE LTD. 2009 312 ITR 63.

HOWEVER ADVANCE MONEY FORFEITED U/S 51 OF CAPITAL GIAN CAN'T BE CLAIM AS LOSS.....WHY?