https://www.taxtmi.com/caselaws?id=278064 The Tribunal allowed the assessee's appeal regarding the disallowance of short-term capital loss (STCL) and directed the AO to treat the loss as STCL under the head of "capital gains." Additionally, the Tribunal upheld the deletion of the disallowance of interest expenditure on loans given to a related concern, stating that the advances were made in the course of business, and therefore, the disallowance was not justified. The appeal of the assessee was allowed, while the appeal of the revenue was dismissed. en-us Fri, 11 Nov 2011 00:00:00 +0530 Mon, 07 Jan 2019 14:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278064 The Tribunal allowed the assessee's appeal regarding the disallowance of short-term capital loss (STCL) and directed the AO to treat the loss as STCL under the head of "capital gains." Additionally, the Tribunal upheld the deletion of the disallowance of interest expenditure on loans given to a related concern, stating that the advances were made in the course of business, and therefore, the disallowance was not justified. The appeal of the assessee was allowed, while the appeal of the revenue was dismissed. Case-Laws Income Tax Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278064