https://www.taxtmi.com/caselaws?id=188577 The appeal against the order of CIT(A)-IV, Mumbai regarding the disallowance of loss on purchase and sale of units of mutual funds for assessment year 2001-02 was partly allowed. The disallowance of loss on sale of units of mutual funds was overturned in favor of the assessee based on relevant precedents. However, the disallowance of interest and other expenditure was rejected as the ground was not pressed during the hearing. en-us Thu, 28 Dec 2006 00:00:00 +0530 Tue, 06 Dec 2016 18:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188577 The appeal against the order of CIT(A)-IV, Mumbai regarding the disallowance of loss on purchase and sale of units of mutual funds for assessment year 2001-02 was partly allowed. The disallowance of loss on sale of units of mutual funds was overturned in favor of the assessee based on relevant precedents. However, the disallowance of interest and other expenditure was rejected as the ground was not pressed during the hearing. Case-Laws Income Tax Thu, 28 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188577