https://www.taxtmi.com/caselaws?id=328619 The appellate tribunal affirmed the decision of the CIT (A) in a tax case, ruling that the amendment in section 49(iii)(e) was clarificatory and applied retrospectively. It upheld the conversion of Short Term Capital Loss into Long Term Capital Gain based on the original cost of acquisition and confirmed the levy of interest under section 234B. The appeal by the assessee was dismissed on 27/05/2016. en-us Fri, 27 May 2016 00:00:00 +0530 Wed, 08 Jun 2016 22:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328619 The appellate tribunal affirmed the decision of the CIT (A) in a tax case, ruling that the amendment in section 49(iii)(e) was clarificatory and applied retrospectively. It upheld the conversion of Short Term Capital Loss into Long Term Capital Gain based on the original cost of acquisition and confirmed the levy of interest under section 234B. The appeal by the assessee was dismissed on 27/05/2016. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328619