https://www.taxtmi.com/caselaws?id=196156 The Tribunal directed the Assessing Officer to re-examine the taxability issue of Rs. 7.22 crores related to the conversion of unpaid interest into a term loan based on new factual details provided by the Assessee. Additionally, the Tribunal allowed the set off of brought forward unabsorbed depreciation against "Short Term Capital Gain" and "Long Term Capital Gain," overturning the AO's disallowance and providing clarity on the application of tax laws in such scenarios. en-us Fri, 17 Oct 2014 00:00:00 +0530 Tue, 21 Nov 2017 08:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196156 The Tribunal directed the Assessing Officer to re-examine the taxability issue of Rs. 7.22 crores related to the conversion of unpaid interest into a term loan based on new factual details provided by the Assessee. Additionally, the Tribunal allowed the set off of brought forward unabsorbed depreciation against "Short Term Capital Gain" and "Long Term Capital Gain," overturning the AO's disallowance and providing clarity on the application of tax laws in such scenarios. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196156