https://www.taxtmi.com/caselaws?id=286777 ITAT KOLKATA (AT) allowed the assessee's claim to carry forward long-term capital loss if due and unclaimed, directing the AO to verify files and permit the claim. The Tribunal held Rule 8D inapplicable absent AO's recorded satisfaction, deciding for the assessee. Disallowances under s.40(a)(ia) were rejected on factual findings that TDS provisions did not apply. Income from sale of rights was held capital gain (not business income), adverse revenue contention dismissed. CSR expenditure was allowable under chapter VIA (s.80G treatment accepted) and education cess was deductible under s.37(1); AO directed to verify and allow accordingly. en-us Thu, 05 Dec 2019 00:00:00 +0530 Fri, 19 Sep 2025 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286777 ITAT KOLKATA (AT) allowed the assessee's claim to carry forward long-term capital loss if due and unclaimed, directing the AO to verify files and permit the claim. The Tribunal held Rule 8D inapplicable absent AO's recorded satisfaction, deciding for the assessee. Disallowances under s.40(a)(ia) were rejected on factual findings that TDS provisions did not apply. Income from sale of rights was held capital gain (not business income), adverse revenue contention dismissed. CSR expenditure was allowable under chapter VIA (s.80G treatment accepted) and education cess was deductible under s.37(1); AO directed to verify and allow accordingly. Case-Laws Income Tax Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286777