https://www.taxtmi.com/caselaws?id=307660 The Revenue's appeal against the disallowance of set off of speculation loss for the assessment year 2008-09 was dismissed by the Tribunal. The Tribunal found the appeal not maintainable as the assessee company was under liquidation and had been ordered to be dissolved by the High Court. Despite lack of representation from the Revenue or Official Liquidator, the Tribunal concluded that the appeal was not maintainable post dissolution of the company. Additionally, the cross objection filed by the assessee was also dismissed for not complying with ITAT Rules. Both the appeal and cross objection were dismissed by the Tribunal on 28th February 2022 at Ahmedabad. en-us Mon, 28 Feb 2022 00:00:00 +0530 Thu, 27 Apr 2023 21:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307660 The Revenue's appeal against the disallowance of set off of speculation loss for the assessment year 2008-09 was dismissed by the Tribunal. The Tribunal found the appeal not maintainable as the assessee company was under liquidation and had been ordered to be dissolved by the High Court. Despite lack of representation from the Revenue or Official Liquidator, the Tribunal concluded that the appeal was not maintainable post dissolution of the company. Additionally, the cross objection filed by the assessee was also dismissed for not complying with ITAT Rules. Both the appeal and cross objection were dismissed by the Tribunal on 28th February 2022 at Ahmedabad. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307660