https://www.taxtmi.com/caselaws?id=368709 The Tribunal upheld the order of the Ld. CIT(A) in a tax case involving Short Term Capital Loss declared by the assessee on the sale of investments within RPG Group entities. The Tribunal found the transactions genuine for restructuring purposes, not for tax avoidance, dismissing the revenue's appeal. The Short Term Capital Loss was allowed to be set off and carried forward as per Section 74 of the Act. en-us Wed, 10 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368709 The Tribunal upheld the order of the Ld. CIT(A) in a tax case involving Short Term Capital Loss declared by the assessee on the sale of investments within RPG Group entities. The Tribunal found the transactions genuine for restructuring purposes, not for tax avoidance, dismissing the revenue's appeal. The Short Term Capital Loss was allowed to be set off and carried forward as per Section 74 of the Act. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368709