https://www.taxtmi.com/caselaws?id=417967 The Tribunal upheld the CIT(A)'s decisions to allow the carry forward of long-term capital loss arising from the sale of listed company shares and the set-off of long-term capital gains against the loss. Additionally, the Tribunal ruled that the disallowance under Section 14A of the Income Tax Act was not valid due to the absence of incriminating material. The Revenue's appeals for the assessment years 2011-12 and 2012-13 were dismissed, while the assessee's appeal for the assessment year 2012-13 was allowed. en-us Fri, 28 Jan 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417967 The Tribunal upheld the CIT(A)'s decisions to allow the carry forward of long-term capital loss arising from the sale of listed company shares and the set-off of long-term capital gains against the loss. Additionally, the Tribunal ruled that the disallowance under Section 14A of the Income Tax Act was not valid due to the absence of incriminating material. The Revenue's appeals for the assessment years 2011-12 and 2012-13 were dismissed, while the assessee's appeal for the assessment year 2012-13 was allowed. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417967