https://www.taxtmi.com/caselaws?id=343042 The Tribunal allowed the appeal, ruling that the short-term capital loss on the demolition of the building was allowable. The Tribunal directed the AO to delete the disallowed short-term capital loss of Rs. 9,87,702 from the assessee's income, to be set off against long-term capital gains. en-us Fri, 12 May 2017 00:00:00 +0530 Tue, 16 May 2017 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343042 The Tribunal allowed the appeal, ruling that the short-term capital loss on the demolition of the building was allowable. The Tribunal directed the AO to delete the disallowed short-term capital loss of Rs. 9,87,702 from the assessee's income, to be set off against long-term capital gains. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343042