https://www.taxtmi.com/caselaws?id=396729 The High Court modified the tribunal's decision, setting aside the benefit of capital loss for the assessee in relation to the investment in Gujarat Instruments Ltd. The court remitted the matter to the assessing officer for a detailed examination in accordance with the Supreme Court's interpretation in 'T.R.F LTD. VS. CIT.' The issues regarding writing off the investment as bad debt and treating the diminution in the value of investment as capital loss were both addressed by remanding the case for further review. en-us Tue, 09 Jun 2020 00:00:00 +0530 Fri, 17 Jul 2020 11:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396729 The High Court modified the tribunal's decision, setting aside the benefit of capital loss for the assessee in relation to the investment in Gujarat Instruments Ltd. The court remitted the matter to the assessing officer for a detailed examination in accordance with the Supreme Court's interpretation in 'T.R.F LTD. VS. CIT.' The issues regarding writing off the investment as bad debt and treating the diminution in the value of investment as capital loss were both addressed by remanding the case for further review. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396729