https://www.taxtmi.com/caselaws?id=33116 The High Court ruled in favor of the appellant in a case involving the computation of short-term capital loss and the referral of the matter to a special bench. The Court found errors in the Tribunal's application of legal principles related to the cost of right shares and its failure to follow established law on referral to a special bench. As a result, the Court allowed all four appeals, declaring the Tribunal's decision legally flawed and unsustainable on merits. The appellant succeeded in both issues, with the Court making no order as to costs. en-us Mon, 16 Feb 2009 00:00:00 +0530 Sat, 29 Dec 2012 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33116 The High Court ruled in favor of the appellant in a case involving the computation of short-term capital loss and the referral of the matter to a special bench. The Court found errors in the Tribunal's application of legal principles related to the cost of right shares and its failure to follow established law on referral to a special bench. As a result, the Court allowed all four appeals, declaring the Tribunal's decision legally flawed and unsustainable on merits. The appellant succeeded in both issues, with the Court making no order as to costs. Case-Laws Income Tax Mon, 16 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33116