https://www.taxtmi.com/caselaws?id=278205 The Tribunal allowed the appeal, overturning the disallowance of the short term capital loss declared by the assessee for the assessment year 2007-08. The Tribunal found the transactions genuine, supported by proper documentation, and not linked to any scam. They criticized the tax authorities for relying on unsubstantiated statements and canceled broker registration without concrete evidence. The Tribunal directed the Assessing Officer to allow the claim of short term capital loss based on the evidence presented by the assessee. en-us Mon, 18 Sep 2017 00:00:00 +0530 Fri, 18 Jan 2019 10:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278205 The Tribunal allowed the appeal, overturning the disallowance of the short term capital loss declared by the assessee for the assessment year 2007-08. The Tribunal found the transactions genuine, supported by proper documentation, and not linked to any scam. They criticized the tax authorities for relying on unsubstantiated statements and canceled broker registration without concrete evidence. The Tribunal directed the Assessing Officer to allow the claim of short term capital loss based on the evidence presented by the assessee. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278205