https://www.taxtmi.com/caselaws?id=282850 The Tribunal allowed the appeal, condoning the delay in filing, deleting the disallowed short-term capital loss additions, and upholding the interest deduction claim under Section 57(iii) of the Income Tax Act, 1961. The Tribunal found the disallowance of short-term capital loss to be based on surmises and conjectures, citing lack of specific evidence against the assessee. The Tribunal emphasized the genuineness of the transactions and rejected the reliance on investigation reports without concrete proof. en-us Fri, 21 Jun 2019 00:00:00 +0530 Tue, 27 Aug 2019 18:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282850 The Tribunal allowed the appeal, condoning the delay in filing, deleting the disallowed short-term capital loss additions, and upholding the interest deduction claim under Section 57(iii) of the Income Tax Act, 1961. The Tribunal found the disallowance of short-term capital loss to be based on surmises and conjectures, citing lack of specific evidence against the assessee. The Tribunal emphasized the genuineness of the transactions and rejected the reliance on investigation reports without concrete proof. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282850