https://www.taxtmi.com/caselaws?id=387853 The High Court upheld the Tribunal's decision regarding Long Term Capital Loss on the transfer of preference shares, dismissing the appeal. The Court found the transaction genuine based on documentary evidence, including allotment letters and share certificates, and noted the absence of a motive for a sham transaction. As the Tribunal's finding was factual and not perverse, no substantial question of law arose, leading to the appeal's dismissal. en-us Mon, 14 Oct 2019 00:00:00 +0530 Sat, 02 Nov 2019 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387853 The High Court upheld the Tribunal's decision regarding Long Term Capital Loss on the transfer of preference shares, dismissing the appeal. The Court found the transaction genuine based on documentary evidence, including allotment letters and share certificates, and noted the absence of a motive for a sham transaction. As the Tribunal's finding was factual and not perverse, no substantial question of law arose, leading to the appeal's dismissal. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387853