https://www.taxtmi.com/caselaws?id=266109 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow the long-term capital loss claimed by the assessee. The Tribunal dismissed the Revenue's appeal, emphasizing the genuine nature of the transaction involving the transfer of shares to a separate legal entity and the absence of tax evasion motives. The transaction was supported by proper documentation, including a Government-approved valuer's report, and aligned with legal precedents cited by the Commissioner to justify the allowance of the capital loss. en-us Fri, 04 Jul 2014 00:00:00 +0530 Sat, 17 Oct 2015 23:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266109 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow the long-term capital loss claimed by the assessee. The Tribunal dismissed the Revenue's appeal, emphasizing the genuine nature of the transaction involving the transfer of shares to a separate legal entity and the absence of tax evasion motives. The transaction was supported by proper documentation, including a Government-approved valuer's report, and aligned with legal precedents cited by the Commissioner to justify the allowance of the capital loss. Case-Laws Income Tax Fri, 04 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266109