https://www.taxtmi.com/caselaws?id=178860 The case involved an appeal by the revenue against the Ld CIT(A)'s decision to allow the loss claimed by the assessee despite suspicions of collusive transactions and discrepancies in share values. The Tribunal upheld the Ld CIT(A)'s decision, emphasizing the genuine nature of the loss and the proper conduct of share transactions by the appellant. The revenue's appeal to set aside the Ld CIT(A)'s order and reinstate the Assessing Officer's decision was dismissed, with the Tribunal finding no reason to interfere with the allowance of the claimed loss by the assessee. en-us Thu, 09 Aug 2012 00:00:00 +0530 Mon, 28 Aug 2017 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178860 The case involved an appeal by the revenue against the Ld CIT(A)'s decision to allow the loss claimed by the assessee despite suspicions of collusive transactions and discrepancies in share values. The Tribunal upheld the Ld CIT(A)'s decision, emphasizing the genuine nature of the loss and the proper conduct of share transactions by the appellant. The revenue's appeal to set aside the Ld CIT(A)'s order and reinstate the Assessing Officer's decision was dismissed, with the Tribunal finding no reason to interfere with the allowance of the claimed loss by the assessee. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178860