https://www.taxtmi.com/caselaws?id=175283 The Tribunal dismissed the appeal regarding the disallowed short-term capital loss on mutual fund units under section 94(7), emphasizing the retrospective nature of the amendment. However, the appeal was partly allowed concerning the disallowed business expenses, with the Tribunal directing a reassessment by the Assessing Officer based on the detailed justifications provided by the assessee. en-us Fri, 12 Aug 2011 00:00:00 +0530 Tue, 17 Nov 2015 16:20:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175283 The Tribunal dismissed the appeal regarding the disallowed short-term capital loss on mutual fund units under section 94(7), emphasizing the retrospective nature of the amendment. However, the appeal was partly allowed concerning the disallowed business expenses, with the Tribunal directing a reassessment by the Assessing Officer based on the detailed justifications provided by the assessee. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175283