https://www.taxtmi.com/caselaws?id=363278 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (CIT-A)'s decisions in a case involving the deletion of an addition of Rs. 10,97,280 under section 37(1) of the Income-tax Act, 1961, and the allowance of a long term capital loss of Rs. 2,39,92,582. The ITAT dismissed the Revenue's appeal, affirming that the fee paid to SEBI was a legitimate revenue expenditure and that the full claim of long term capital loss was valid. The appeal was dismissed in its entirety on 6th July 2018. en-us Fri, 06 Jul 2018 00:00:00 +0530 Thu, 26 Sep 2019 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363278 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (CIT-A)'s decisions in a case involving the deletion of an addition of Rs. 10,97,280 under section 37(1) of the Income-tax Act, 1961, and the allowance of a long term capital loss of Rs. 2,39,92,582. The ITAT dismissed the Revenue's appeal, affirming that the fee paid to SEBI was a legitimate revenue expenditure and that the full claim of long term capital loss was valid. The appeal was dismissed in its entirety on 6th July 2018. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363278