https://www.taxtmi.com/caselaws?id=193109 The Tribunal reversed the CIT(A)'s decision, restoring the AO's findings that disallowed the short-term capital loss claimed by the appellants. The Tribunal concluded that the transactions were premeditated and designed to evade tax, lacking genuine commercial intent. The appeals of the Revenue were allowed, and the findings of the AO were reinstated. en-us Thu, 29 Nov 2012 00:00:00 +0530 Mon, 28 May 2018 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193109 The Tribunal reversed the CIT(A)'s decision, restoring the AO's findings that disallowed the short-term capital loss claimed by the appellants. The Tribunal concluded that the transactions were premeditated and designed to evade tax, lacking genuine commercial intent. The appeals of the Revenue were allowed, and the findings of the AO were reinstated. Case-Laws Income Tax Thu, 29 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193109