https://www.taxtmi.com/caselaws?id=254503 The High Court partly allowed the Appeal regarding the loss on the sale of shares issue, ruling that the loss incurred on the sale of shares of a wholly owned subsidiary was a business loss. The Appeal concerning the cessation of sales tax liability was dismissed in favor of the Assessee based on a previous judgment. Additionally, the Appeal on the interest leviable on the excess refund issue was also dismissed, following the decision in a previous case. en-us Wed, 10 Dec 2014 00:00:00 +0530 Tue, 12 May 2015 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254503 The High Court partly allowed the Appeal regarding the loss on the sale of shares issue, ruling that the loss incurred on the sale of shares of a wholly owned subsidiary was a business loss. The Appeal concerning the cessation of sales tax liability was dismissed in favor of the Assessee based on a previous judgment. Additionally, the Appeal on the interest leviable on the excess refund issue was also dismissed, following the decision in a previous case. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254503