https://www.taxtmi.com/caselaws?id=762809 Delhi HC remanded proceedings to AO to consider assessee's alternate claim for treating loss on sale of HTM securities as business loss rather than capital loss. ITAT's finding that assessee failed to provide material to substantiate the claim was held unsustainable. Assessee accepted ITAT's conclusion that profits from HTM securities sale would be treated as capital gains. Matter remanded for fresh consideration of business loss claim. en-us Thu, 21 Nov 2024 00:00:00 +0530 Sat, 07 Dec 2024 08:14:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762809 Delhi HC remanded proceedings to AO to consider assessee's alternate claim for treating loss on sale of HTM securities as business loss rather than capital loss. ITAT's finding that assessee failed to provide material to substantiate the claim was held unsustainable. Assessee accepted ITAT's conclusion that profits from HTM securities sale would be treated as capital gains. Matter remanded for fresh consideration of business loss claim. Case-Laws Income Tax Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762809