https://www.taxtmi.com/highlights?id=25540 Short term capital loss - sale of plant & machinery as scrap - the alleged short term capital loss as claimed by the assessee on sale of machineries cannot be allowed, as the machineries were never purchased for its use in the business of the assessee. - AT en-us Mon, 26 Oct 2015 11:14:52 +0530 Mon, 26 Oct 2015 11:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25540 Short term capital loss - sale of plant & machinery as scrap - the alleged short term capital loss as claimed by the assessee on sale of machineries cannot be allowed, as the machineries were never purchased for its use in the business of the assessee. - AT Highlights Income Tax Mon, 26 Oct 2015 11:14:52 +0530 https://www.taxtmi.com/highlights?id=25540