https://www.taxtmi.com/caselaws?id=362361 The appellate authority upheld the allowance of carry forward of short term capital loss by the Ld. CIT(A), rejecting the Revenue's challenge. The A.O. was directed to verify the claim made by the assessee regarding the capital loss incurred due to the forfeiture of share warrants. The Ld. CIT(A) emphasized that the assessee could make a fresh claim without filing a revised return, citing relevant case laws. The Departmental Appeal was dismissed, and the A.O. was instructed to process the carry forward of the short term capital loss in accordance with the law, ensuring due process for the assessee. en-us Thu, 21 Jun 2018 00:00:00 +0530 Sat, 23 Jun 2018 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362361 The appellate authority upheld the allowance of carry forward of short term capital loss by the Ld. CIT(A), rejecting the Revenue's challenge. The A.O. was directed to verify the claim made by the assessee regarding the capital loss incurred due to the forfeiture of share warrants. The Ld. CIT(A) emphasized that the assessee could make a fresh claim without filing a revised return, citing relevant case laws. The Departmental Appeal was dismissed, and the A.O. was instructed to process the carry forward of the short term capital loss in accordance with the law, ensuring due process for the assessee. Case-Laws Income Tax Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362361