https://www.taxtmi.com/caselaws?id=195368 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal and Cross Objections by the assessees. It allowed the set-off of long-term capital loss against long-term capital gain and deleted the disallowance under Section 14A of the Income Tax Act. The Tribunal emphasized that the transactions were legitimate tax planning within the framework of the law, not constituting tax evasion. en-us Mon, 07 Nov 2016 00:00:00 +0530 Sat, 28 Oct 2017 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195368 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal and Cross Objections by the assessees. It allowed the set-off of long-term capital loss against long-term capital gain and deleted the disallowance under Section 14A of the Income Tax Act. The Tribunal emphasized that the transactions were legitimate tax planning within the framework of the law, not constituting tax evasion. Case-Laws Income Tax Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195368