https://www.taxtmi.com/caselaws?id=275272 The Tribunal upheld the Assessing Officer's decision, classifying the income from the sale of shares as "Income from Other Sources," as the assessee failed to provide evidence of genuine transactions. Additionally, the Tribunal dismissed the Cross Objection by the assessee, confirming that the forfeited advance for purchasing an industrial plot was a capital loss and not allowable as revenue expenditure. en-us Wed, 29 Apr 2015 00:00:00 +0530 Wed, 26 Sep 2018 09:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275272 The Tribunal upheld the Assessing Officer's decision, classifying the income from the sale of shares as "Income from Other Sources," as the assessee failed to provide evidence of genuine transactions. Additionally, the Tribunal dismissed the Cross Objection by the assessee, confirming that the forfeited advance for purchasing an industrial plot was a capital loss and not allowable as revenue expenditure. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275272