https://www.taxtmi.com/caselaws?id=429592 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and ruling in favor of the assessee. The disallowance of the loss on the sale of shares of VAS Infrastructure Limited for A.Y. 2012-13 was deemed unjustified due to insufficient evidence supporting the disallowance and the genuine nature of the business loss claimed by the assessee. en-us Fri, 28 Oct 2022 00:00:00 +0530 Tue, 01 Nov 2022 10:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429592 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and ruling in favor of the assessee. The disallowance of the loss on the sale of shares of VAS Infrastructure Limited for A.Y. 2012-13 was deemed unjustified due to insufficient evidence supporting the disallowance and the genuine nature of the business loss claimed by the assessee. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429592