https://www.taxtmi.com/highlights?id=28930 Capital loss V/S business loss - nature of loss - merely because the assessee abandoned the project after paying advance of ₹ 50 laks, that cannot be a reason for treating the loss claimed by the assessee as capital loss. - AT en-us Mon, 02 May 2016 00:36:15 +0530 Mon, 02 May 2016 00:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28930 Capital loss V/S business loss - nature of loss - merely because the assessee abandoned the project after paying advance of ₹ 50 laks, that cannot be a reason for treating the loss claimed by the assessee as capital loss. - AT Highlights Income Tax Mon, 02 May 2016 00:36:15 +0530 https://www.taxtmi.com/highlights?id=28930