https://www.taxtmi.com/caselaws?id=371291 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decisions. The Court found that the Assessee had adequate own funds for share investments and that the remission of loan liability did not fall under Section 28(iv) of the Income Tax Act. The Court concluded that the issues did not raise substantial questions of law, affirming the Tribunal's rulings. en-us Mon, 26 Nov 2018 00:00:00 +0530 Sat, 01 Dec 2018 12:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371291 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decisions. The Court found that the Assessee had adequate own funds for share investments and that the remission of loan liability did not fall under Section 28(iv) of the Income Tax Act. The Court concluded that the issues did not raise substantial questions of law, affirming the Tribunal's rulings. Case-Laws Income Tax Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371291