Home › Tax Laws › CIT v. Harrisons Malayalam Ltd. (2019) 414 ITR 344/ 183 DTR 302 / 266 Taxman 414/ 311 CTR 802(Ker.)(HC)

CIT v. Harrisons Malayalam Ltd. (2019) 414 ITR 344/ 183 DTR 302 / 266 Taxman 414/ 311 CTR 802(Ker.)(HC)

S. 45 : Capital loss-Loss on sale of shade tree–Capital loss allowed to be carried forward.

Loss on sale of shade Tree is not Agricultural loss. Loss is capital loss hence allowed to be carried forward.   (AY. 2006 -07)