https://www.taxtmi.com/caselaws?id=409917 The Tribunal allowed the assessee's appeal, recognizing the loss on the transfer of shares as legitimate. The Tribunal emphasized that the loss was bona fide and deserved to be allowed as claimed. It was concluded that the assessee held the shares for more than 12 months, and there was no dispute over ownership or the genuineness of the transaction. The judgment was pronounced on 17.06.2021, highlighting the importance of interpreting statutory provisions strictly based on the facts of the case. en-us Thu, 17 Jun 2021 00:00:00 +0530 Tue, 20 Jul 2021 10:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409917 The Tribunal allowed the assessee's appeal, recognizing the loss on the transfer of shares as legitimate. The Tribunal emphasized that the loss was bona fide and deserved to be allowed as claimed. It was concluded that the assessee held the shares for more than 12 months, and there was no dispute over ownership or the genuineness of the transaction. The judgment was pronounced on 17.06.2021, highlighting the importance of interpreting statutory provisions strictly based on the facts of the case. Case-Laws Income Tax Thu, 17 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409917