https://www.taxtmi.com/caselaws?id=187085 The Tribunal upheld the decision of the Ld. CIT(A) to delete the disallowance of capital loss amounting to &8377; 15,29,049/- for the assessment year 2004-05. The Tribunal found the disallowance lacked concrete evidence of non-genuineness and failed to establish connivance between the appellant and brokers. Relying on factual findings and legal precedents, the Tribunal dismissed the revenue's appeal, affirming that the capital loss was genuine. en-us Fri, 09 Apr 2010 00:00:00 +0530 Mon, 10 Oct 2016 10:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187085 The Tribunal upheld the decision of the Ld. CIT(A) to delete the disallowance of capital loss amounting to &8377; 15,29,049/- for the assessment year 2004-05. The Tribunal found the disallowance lacked concrete evidence of non-genuineness and failed to establish connivance between the appellant and brokers. Relying on factual findings and legal precedents, the Tribunal dismissed the revenue's appeal, affirming that the capital loss was genuine. Case-Laws Income Tax Fri, 09 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187085