https://www.taxtmi.com/caselaws?id=271794 The Tribunal upheld the disallowance of Rs. 4,84,73,750/- as a short-term capital loss, determining the transactions as sham and intended for tax evasion. However, the Tribunal allowed the appeal on the disallowance under Section 14A, directing the AO to delete the addition of Rs. 8,48,019/- as no exempt income was claimed. The appeal was partly dismissed and partly allowed. en-us Wed, 20 Jan 2016 00:00:00 +0530 Wed, 17 Feb 2016 06:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271794 The Tribunal upheld the disallowance of Rs. 4,84,73,750/- as a short-term capital loss, determining the transactions as sham and intended for tax evasion. However, the Tribunal allowed the appeal on the disallowance under Section 14A, directing the AO to delete the addition of Rs. 8,48,019/- as no exempt income was claimed. The appeal was partly dismissed and partly allowed. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271794