https://www.taxtmi.com/caselaws?id=271332 The Tribunal partly allowed the Revenue's appeals by treating the write-off of investments in equity shares as a capital loss, reversing the CIT(A)'s decision. However, the Tribunal upheld the CIT(A)'s decisions regarding the ASIDE grant and the write-off of unsuccessful project promotional expenses, treating them as capital receipt and revenue expenditure, respectively. en-us Fri, 08 Jan 2016 00:00:00 +0530 Tue, 02 Feb 2016 10:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271332 The Tribunal partly allowed the Revenue's appeals by treating the write-off of investments in equity shares as a capital loss, reversing the CIT(A)'s decision. However, the Tribunal upheld the CIT(A)'s decisions regarding the ASIDE grant and the write-off of unsuccessful project promotional expenses, treating them as capital receipt and revenue expenditure, respectively. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271332