https://www.taxtmi.com/caselaws?id=340398 The High Court upheld the Tribunal's decision regarding the treatment of Long Term Capital Loss on the sale of shares as a capital loss rather than a business loss. Additionally, the court ruled in favor of the assessee regarding the deduction of membership fee and annual subscription expenses as valid business expenses. The appeal was ultimately dismissed in favor of the assessee. en-us Fri, 10 Mar 2017 00:00:00 +0530 Tue, 21 Mar 2017 08:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340398 The High Court upheld the Tribunal's decision regarding the treatment of Long Term Capital Loss on the sale of shares as a capital loss rather than a business loss. Additionally, the court ruled in favor of the assessee regarding the deduction of membership fee and annual subscription expenses as valid business expenses. The appeal was ultimately dismissed in favor of the assessee. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340398