https://www.taxtmi.com/caselaws?id=118178 The ITAT confirmed the capital loss claimed by the assessee from the sale of shares, rejecting the assessing authority's reasons for disallowing the loss. The ITAT also dismissed the Revenue's appeal regarding unexplained cash credits, prior period expenses, and unutilized Modvat credit, upholding the decisions of the CIT(A) in all aspects. The ITAT emphasized the importance of proper evidence and compliance with statutory provisions in tax assessments. en-us Wed, 14 Jun 2006 00:00:00 +0530 Thu, 28 Jun 2012 18:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118178 The ITAT confirmed the capital loss claimed by the assessee from the sale of shares, rejecting the assessing authority's reasons for disallowing the loss. The ITAT also dismissed the Revenue's appeal regarding unexplained cash credits, prior period expenses, and unutilized Modvat credit, upholding the decisions of the CIT(A) in all aspects. The ITAT emphasized the importance of proper evidence and compliance with statutory provisions in tax assessments. Case-Laws Income Tax Wed, 14 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118178