https://www.taxtmi.com/caselaws?id=215927 The High Court dismissed the appeal filed by the Commissioner of Income-tax, upholding the Tribunal's findings that disallowance of loss on the sale of shares and another transaction amount as business loss were genuine transactions without evidence of wrongdoing. The Court emphasized that these issues were questions of fact, not law, and that once the Tribunal accepted the assessee's explanation, it was binding. Since no substantial question of law was found, the appeal was dismissed based on the detailed and evidence-based findings of the Tribunal. en-us Wed, 08 Feb 2012 00:00:00 +0530 Fri, 17 Aug 2012 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215927 The High Court dismissed the appeal filed by the Commissioner of Income-tax, upholding the Tribunal's findings that disallowance of loss on the sale of shares and another transaction amount as business loss were genuine transactions without evidence of wrongdoing. The Court emphasized that these issues were questions of fact, not law, and that once the Tribunal accepted the assessee's explanation, it was binding. Since no substantial question of law was found, the appeal was dismissed based on the detailed and evidence-based findings of the Tribunal. Case-Laws Income Tax Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215927