https://www.taxtmi.com/caselaws?id=151521 The Tribunal concluded that the losses from the sale of the engineering division and subsidiaries were capital in nature. It upheld decisions on bad debts, valuation of shares, and expenditure on the herbicide plant. While partially agreeing with the AO on set-off and carry forward of business losses, the Tribunal directed recalculations for capital losses. The assessee's cross-objection was dismissed, affirming the capital nature of the losses. en-us Fri, 29 Jan 2010 00:00:00 +0530 Wed, 20 Jul 2016 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151521 The Tribunal concluded that the losses from the sale of the engineering division and subsidiaries were capital in nature. It upheld decisions on bad debts, valuation of shares, and expenditure on the herbicide plant. While partially agreeing with the AO on set-off and carry forward of business losses, the Tribunal directed recalculations for capital losses. The assessee's cross-objection was dismissed, affirming the capital nature of the losses. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151521