https://www.taxtmi.com/caselaws?id=357183 The case involved issues regarding the treatment of loss on the sale of investment, allowance of indexation benefit, and the applicability of provisions of explanation to section 73 of the Act. The First Appellate Authority categorized the loss on sale of investment as a capital loss, allowed indexation benefit, and determined that the assessee was covered by exceptions in the explanation to section 73. The Tribunal upheld the FAA's decisions, emphasizing the assessee's right to raise additional grounds during appellate proceedings and supporting the assessee's position on the treatment of losses. The appeal filed by the Assessing Officer was dismissed. en-us Thu, 08 Mar 2018 00:00:00 +0530 Mon, 19 Mar 2018 07:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357183 The case involved issues regarding the treatment of loss on the sale of investment, allowance of indexation benefit, and the applicability of provisions of explanation to section 73 of the Act. The First Appellate Authority categorized the loss on sale of investment as a capital loss, allowed indexation benefit, and determined that the assessee was covered by exceptions in the explanation to section 73. The Tribunal upheld the FAA's decisions, emphasizing the assessee's right to raise additional grounds during appellate proceedings and supporting the assessee's position on the treatment of losses. The appeal filed by the Assessing Officer was dismissed. Case-Laws Income Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357183