https://www.taxtmi.com/caselaws?id=374249 The High Court upheld the Tribunal's decision allowing a sum of Rs. 5.17 crores as a capital loss, rejecting the Assessing Officer's classification as a business loss. The Court also supported the Tribunal's deletion of disallowance under Section 80IA and the adjustment of depreciation of Rs. 1.07 crores, finding no error in the Tribunal's decisions. The Court dismissed the appeal, stating no question of law arose, and the Assessing Officer needed to verify the facts before granting relief. en-us Mon, 21 Jan 2019 00:00:00 +0530 Tue, 29 Jan 2019 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374249 The High Court upheld the Tribunal's decision allowing a sum of Rs. 5.17 crores as a capital loss, rejecting the Assessing Officer's classification as a business loss. The Court also supported the Tribunal's deletion of disallowance under Section 80IA and the adjustment of depreciation of Rs. 1.07 crores, finding no error in the Tribunal's decisions. The Court dismissed the appeal, stating no question of law arose, and the Assessing Officer needed to verify the facts before granting relief. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374249