https://www.taxtmi.com/caselaws?id=326186 The Tribunal allowed the assessee's appeal, reversing the disallowance of the Long Term Capital Loss, adjustments under Section 14A, and inclusion of such disallowances in the computation of book profits under Section 115JB. The Tribunal emphasized the necessity of genuine transactions and proper application of legal provisions, highlighting that selling shares below market price does not automatically imply tax evasion. en-us Mon, 29 Feb 2016 00:00:00 +0530 Thu, 07 Apr 2016 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326186 The Tribunal allowed the assessee's appeal, reversing the disallowance of the Long Term Capital Loss, adjustments under Section 14A, and inclusion of such disallowances in the computation of book profits under Section 115JB. The Tribunal emphasized the necessity of genuine transactions and proper application of legal provisions, highlighting that selling shares below market price does not automatically imply tax evasion. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326186