https://www.taxtmi.com/caselaws?id=390315 The Tribunal ruled in favor of the assessee, determining that gains from the sale of unlisted shares should be treated as long-term capital gains due to the shares being held for more than 12 months. The Tribunal directed the Assessing Officer to correct errors in share valuation, including the inclusion of preference share capital in liabilities. However, the Tribunal upheld decisions disallowing capitalization of interest costs and certain business income treatment, while directing verification and allowance of brought forward capital losses and tax credits. en-us Thu, 19 Dec 2019 00:00:00 +0530 Fri, 17 Jan 2020 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390315 The Tribunal ruled in favor of the assessee, determining that gains from the sale of unlisted shares should be treated as long-term capital gains due to the shares being held for more than 12 months. The Tribunal directed the Assessing Officer to correct errors in share valuation, including the inclusion of preference share capital in liabilities. However, the Tribunal upheld decisions disallowing capitalization of interest costs and certain business income treatment, while directing verification and allowance of brought forward capital losses and tax credits. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390315