https://www.taxtmi.com/caselaws?id=444104 The Tribunal partly allowed the appeal and dismissed the stay application. It affirmed the disallowance of capital losses related to investments in preference shares, allowed the claim of capital gains on the sale of shares as "capital gains," and directed further verification on certain issues such as transfer pricing adjustment and interest on non-convertible debentures. The Tribunal also upheld the allowance of prior period expenses but did not address the deduction of education cess and computation of interest under Sections 234B and 234C. en-us Tue, 19 Sep 2023 00:00:00 +0530 Mon, 09 Oct 2023 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444104 The Tribunal partly allowed the appeal and dismissed the stay application. It affirmed the disallowance of capital losses related to investments in preference shares, allowed the claim of capital gains on the sale of shares as "capital gains," and directed further verification on certain issues such as transfer pricing adjustment and interest on non-convertible debentures. The Tribunal also upheld the allowance of prior period expenses but did not address the deduction of education cess and computation of interest under Sections 234B and 234C. Case-Laws Income Tax Tue, 19 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444104