https://www.taxtmi.com/caselaws?id=196109 The High Court upheld the Tribunal's decision, dismissing the appeal challenging the assessment of a long-term capital loss on the redemption of shares without STT payment and listing on a stock exchange for the assessment year 2006-07. The Court found that the Tribunal's reasoning was valid, emphasizing that the transaction was not deemed bogus as previous similar transactions were not considered sham. The Court concluded that no substantial question of law arose, affirming the Tribunal's decision. en-us Wed, 19 Aug 2015 00:00:00 +0530 Sun, 19 Nov 2017 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196109 The High Court upheld the Tribunal's decision, dismissing the appeal challenging the assessment of a long-term capital loss on the redemption of shares without STT payment and listing on a stock exchange for the assessment year 2006-07. The Court found that the Tribunal's reasoning was valid, emphasizing that the transaction was not deemed bogus as previous similar transactions were not considered sham. The Court concluded that no substantial question of law arose, affirming the Tribunal's decision. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196109