ITAT Deletes Rs 52.33 Lakh Addition as AO Cannot Deny Genuine Capital Loss Without Invoking Section 94(7) of Income Tax Act:

The ITAT Mumbai has held that the AO cannot disregard a genuine short-term capital loss by treating dividend received from a mutual fund as return of capital without invoking any specific provision of the Income-tax Act.

Dividend Cannot Be Treated as Return of Capital Merely on Alleged Dividend Stripping

SaimaJul 13, 2026

Last update on Jul 11, 2026