https://www.taxtmi.com/caselaws?id=370895 The Tribunal ruled in favor of the appellant regarding the claim for business loss on share trading activity, accepting the argument based on substantial share transactions. However, the appeal regarding the disallowance of interest expenditure was dismissed as the Tribunal found no merit in the appellant's case. The Tribunal directed the Assessing Officer to verify and decide on the claim for set off of brought forward business loss in accordance with the law, ultimately partly allowing the appeal of the appellant. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370895 The Tribunal ruled in favor of the appellant regarding the claim for business loss on share trading activity, accepting the argument based on substantial share transactions. However, the appeal regarding the disallowance of interest expenditure was dismissed as the Tribunal found no merit in the appellant's case. The Tribunal directed the Assessing Officer to verify and decide on the claim for set off of brought forward business loss in accordance with the law, ultimately partly allowing the appeal of the appellant. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370895