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?
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