https://www.taxtmi.com/caselaws?id=203680 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal regarding the deletion of a loss claimed in relation to Tata Mutual Fund for the assessment year 2004-05. The Tribunal determined that the sale of units fell outside the three-month period stipulated by section 94(7) of the Income-tax Act, even when considering a "month" as 30 days. Consequently, the claimed loss deletion was affirmed based on the interpretation of the timeline for disallowing losses arising from the sale of units within three months of purchase. en-us Fri, 26 Mar 2010 00:00:00 +0530 Tue, 11 Jun 2013 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203680 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal regarding the deletion of a loss claimed in relation to Tata Mutual Fund for the assessment year 2004-05. The Tribunal determined that the sale of units fell outside the three-month period stipulated by section 94(7) of the Income-tax Act, even when considering a "month" as 30 days. Consequently, the claimed loss deletion was affirmed based on the interpretation of the timeline for disallowing losses arising from the sale of units within three months of purchase. Case-Laws Income Tax Fri, 26 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203680