https://www.taxtmi.com/caselaws?id=403539 The Tribunal upheld the decision of the CIT(A) to allow the short-term capital loss claimed by the assessee, originating from the forfeiture of share warrants. The Tribunal found the transaction genuine and the loss legitimate, in line with precedents from the Delhi High Court and the Supreme Court. The revenue's appeal was dismissed, and the order was pronounced on 28/01/2021. en-us Thu, 28 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403539 The Tribunal upheld the decision of the CIT(A) to allow the short-term capital loss claimed by the assessee, originating from the forfeiture of share warrants. The Tribunal found the transaction genuine and the loss legitimate, in line with precedents from the Delhi High Court and the Supreme Court. The revenue's appeal was dismissed, and the order was pronounced on 28/01/2021. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403539