https://www.taxtmi.com/caselaws?id=404992 The Appellate Tribunal ITAT Jaipur allowed the appeal, directing the Assessing Officer to permit the short term capital loss claims on machinery and furniture for set off against other income. The Tribunal emphasized the importance of verifiable evidence and correct application of legal provisions in addressing discrepancies in sale consideration amounts and the disallowance of short term capital loss on the sale of machinery and furniture. No detailed analysis or outcome was provided for the issue of the disallowance of improvement in building amount. en-us Mon, 15 Feb 2021 00:00:00 +0530 Tue, 09 Mar 2021 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404992 The Appellate Tribunal ITAT Jaipur allowed the appeal, directing the Assessing Officer to permit the short term capital loss claims on machinery and furniture for set off against other income. The Tribunal emphasized the importance of verifiable evidence and correct application of legal provisions in addressing discrepancies in sale consideration amounts and the disallowance of short term capital loss on the sale of machinery and furniture. No detailed analysis or outcome was provided for the issue of the disallowance of improvement in building amount. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404992