https://www.taxtmi.com/caselaws?id=340546 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision allowing the set-off of long-term capital loss on the sale of preference shares against long-term capital gain on the sale of an apartment, stating the transaction was legitimate and not contrived. However, the issue of brokerage expenses claimed by the assessee was remanded back to the Assessing Officer for re-evaluation based on the lack of documentary evidence supporting the broker's services. The appeal was partly allowed for statistical purposes. en-us Tue, 14 Feb 2017 00:00:00 +0530 Thu, 23 Mar 2017 09:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340546 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision allowing the set-off of long-term capital loss on the sale of preference shares against long-term capital gain on the sale of an apartment, stating the transaction was legitimate and not contrived. However, the issue of brokerage expenses claimed by the assessee was remanded back to the Assessing Officer for re-evaluation based on the lack of documentary evidence supporting the broker's services. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 14 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340546