https://www.taxtmi.com/caselaws?id=152853 The High Court upheld the decision in favor of the assessee, dismissing the appeal by the Revenue. The court relied on a previous judgment involving investment companies and interest income, emphasizing the consistency in allowing deductions for losses from share transactions. The decision underscores the importance of evaluating evidence and applying tax laws consistently to determine the legitimacy of deductions claimed by taxpayers, highlighting the need for thorough examination of facts before challenging decisions by lower authorities. en-us Wed, 02 Aug 2006 00:00:00 +0530 Thu, 11 Jul 2013 18:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152853 The High Court upheld the decision in favor of the assessee, dismissing the appeal by the Revenue. The court relied on a previous judgment involving investment companies and interest income, emphasizing the consistency in allowing deductions for losses from share transactions. The decision underscores the importance of evaluating evidence and applying tax laws consistently to determine the legitimacy of deductions claimed by taxpayers, highlighting the need for thorough examination of facts before challenging decisions by lower authorities. Case-Laws Income Tax Wed, 02 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152853