https://www.taxtmi.com/caselaws?id=262953 The Tribunal dismissed the appeal, upholding the disallowance of the long-term capital loss and the write-off as a capital expenditure. The Tribunal found the transactions lacked genuineness and did not meet the criteria for business loss deductions under the Income Tax Act. The decision stressed the necessity of providing substantial evidence and meeting statutory requirements for claiming deductions. en-us Wed, 12 Aug 2015 00:00:00 +0530 Mon, 24 Aug 2015 09:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262953 The Tribunal dismissed the appeal, upholding the disallowance of the long-term capital loss and the write-off as a capital expenditure. The Tribunal found the transactions lacked genuineness and did not meet the criteria for business loss deductions under the Income Tax Act. The decision stressed the necessity of providing substantial evidence and meeting statutory requirements for claiming deductions. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262953