https://www.taxtmi.com/caselaws?id=377766 The ITAT Kolkata upheld the CIT(A)'s decision to allow the long term capital loss arising from the sale of unquoted shares, emphasizing the need for proper evidence. The ITAT also supported the deletion of expenses related to Dyes & Chemicals, ruling that the disallowance by the AO was incorrect as TDS provisions did not apply to material purchases. The Revenue's appeal was dismissed, affirming the decisions of the CIT(A) on both issues. en-us Fri, 29 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377766 The ITAT Kolkata upheld the CIT(A)'s decision to allow the long term capital loss arising from the sale of unquoted shares, emphasizing the need for proper evidence. The ITAT also supported the deletion of expenses related to Dyes & Chemicals, ruling that the disallowance by the AO was incorrect as TDS provisions did not apply to material purchases. The Revenue's appeal was dismissed, affirming the decisions of the CIT(A) on both issues. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377766