https://www.taxtmi.com/caselaws?id=340881 The appeal was allowed in favor of the appellant by the Tribunal. The disallowance of Rs. 3.80 crores on account of forfeiture of shares warrants was reversed. The Tribunal emphasized that the tax treatment by the issuing company should not impact the appellant's claim for Short Term Capital Loss. It found the disallowance unjustified, noting discrepancies in the transactions and confirming the transfer of warrants to the appellant. The Tribunal concluded that the Assessing Officer should focus on the effect of transactions on the assessee, granting relief to the appellant. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 29 Mar 2017 07:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340881 The appeal was allowed in favor of the appellant by the Tribunal. The disallowance of Rs. 3.80 crores on account of forfeiture of shares warrants was reversed. The Tribunal emphasized that the tax treatment by the issuing company should not impact the appellant's claim for Short Term Capital Loss. It found the disallowance unjustified, noting discrepancies in the transactions and confirming the transfer of warrants to the appellant. The Tribunal concluded that the Assessing Officer should focus on the effect of transactions on the assessee, granting relief to the appellant. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340881