https://www.taxtmi.com/caselaws?id=258256 The Tribunal partly allowed the appeal, directing verification and allowance of specific expenses related to land investments against short term capital gains. However, the appeal was dismissed regarding the disallowance of business loss due to insufficient evidence of business activity by the appellant. The burden of proof for allowable deductions was not met, leading to the rejection of claimed business loss set off against capital gains. en-us Fri, 25 Apr 2014 00:00:00 +0530 Fri, 03 Apr 2015 21:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258256 The Tribunal partly allowed the appeal, directing verification and allowance of specific expenses related to land investments against short term capital gains. However, the appeal was dismissed regarding the disallowance of business loss due to insufficient evidence of business activity by the appellant. The burden of proof for allowable deductions was not met, leading to the rejection of claimed business loss set off against capital gains. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258256