https://www.taxtmi.com/caselaws?id=241656 The High Court upheld the decision allowing the capital loss from the sale of the Polymer division to be carried forward separately from the profit earned, emphasizing the distinct nature of the transactions. However, the court disallowed commission payments and remanded the issues of expenses on maintaining aircrafts and depreciation on a grounded aircraft back to the Assessing Authority for fresh disposal to prevent conflicting decisions. en-us Tue, 19 Nov 2013 00:00:00 +0530 Fri, 20 Feb 2015 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241656 The High Court upheld the decision allowing the capital loss from the sale of the Polymer division to be carried forward separately from the profit earned, emphasizing the distinct nature of the transactions. However, the court disallowed commission payments and remanded the issues of expenses on maintaining aircrafts and depreciation on a grounded aircraft back to the Assessing Authority for fresh disposal to prevent conflicting decisions. Case-Laws Income Tax Tue, 19 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241656