https://www.taxtmi.com/caselaws?id=335224 The Tribunal allowed the appeal partly, directing the AO to allow the claimed business loss on the sale of shares and to reconsider the revaluation of the stock of land at Hyderabad based on the additional evidence provided. The Tribunal found merit in the assessee's arguments regarding the share transaction, noting the intention to resell the shares and the lack of relationship with other companies involved. Additionally, the Tribunal considered the additional evidence submitted concerning the land revaluation issue, remanding the matter for fresh consideration by the AO. en-us Wed, 28 Sep 2016 00:00:00 +0530 Mon, 28 Nov 2016 12:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335224 The Tribunal allowed the appeal partly, directing the AO to allow the claimed business loss on the sale of shares and to reconsider the revaluation of the stock of land at Hyderabad based on the additional evidence provided. The Tribunal found merit in the assessee's arguments regarding the share transaction, noting the intention to resell the shares and the lack of relationship with other companies involved. Additionally, the Tribunal considered the additional evidence submitted concerning the land revaluation issue, remanding the matter for fresh consideration by the AO. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335224