https://www.taxtmi.com/caselaws?id=177740 The Tribunal upheld the Assessing Officer's and CIT(A)'s decisions to disallow the long-term capital loss claim due to the extinguishment of shares in a defunct company, citing the absence of a transfer within the relevant assessment year. Additionally, the Tribunal affirmed the disallowance of refurbishing/warranty claims, the addition of imputed interest on an interest-free loan to a subsidiary, and the disallowance of foreign exchange loss, while allowing royalty expenses deduction despite non-deduction of tax at source, considering the retrospective amendment to tax laws. The Tribunal emphasized adherence to statutory provisions and judicial precedents in its decisions. en-us Fri, 11 Apr 2014 00:00:00 +0530 Mon, 18 Jan 2016 10:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177740 The Tribunal upheld the Assessing Officer's and CIT(A)'s decisions to disallow the long-term capital loss claim due to the extinguishment of shares in a defunct company, citing the absence of a transfer within the relevant assessment year. Additionally, the Tribunal affirmed the disallowance of refurbishing/warranty claims, the addition of imputed interest on an interest-free loan to a subsidiary, and the disallowance of foreign exchange loss, while allowing royalty expenses deduction despite non-deduction of tax at source, considering the retrospective amendment to tax laws. The Tribunal emphasized adherence to statutory provisions and judicial precedents in its decisions. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177740