https://www.taxtmi.com/caselaws?id=374042 The Tribunal allowed the appeal concerning the trading loss of Rs. 77,10,789/-, acknowledging the distress sale of old stock. However, it upheld the disallowance of the short-term capital loss of Rs. 26,35,659/- due to procedural lapses and lack of evidence. The alternative claim under section 32(1)(iii) for deduction was rejected for the same reasons. The appeal was partly allowed. en-us Tue, 22 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374042 The Tribunal allowed the appeal concerning the trading loss of Rs. 77,10,789/-, acknowledging the distress sale of old stock. However, it upheld the disallowance of the short-term capital loss of Rs. 26,35,659/- due to procedural lapses and lack of evidence. The alternative claim under section 32(1)(iii) for deduction was rejected for the same reasons. The appeal was partly allowed. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374042