https://www.taxtmi.com/caselaws?id=785621 Long term capital loss claimed on sale of shares was contested on grounds of genuineness and valuation; the assessing officer rejected the claim without specifying deficiencies in the assessee's independent valuation or producing an alternative valuation, and the revenue failed to counter the valuation during appellate and remand proceedings. The absence of any material disputing the share sale prices or demonstrating a different net asset value led to acceptance of the assessee's position and rejection of the assessing officer's summary disallowance, with appellate conclusions favouring the assessee's claimed loss. en-us Fri, 23 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785621 Long term capital loss claimed on sale of shares was contested on grounds of genuineness and valuation; the assessing officer rejected the claim without specifying deficiencies in the assessee's independent valuation or producing an alternative valuation, and the revenue failed to counter the valuation during appellate and remand proceedings. The absence of any material disputing the share sale prices or demonstrating a different net asset value led to acceptance of the assessee's position and rejection of the assessing officer's summary disallowance, with appellate conclusions favouring the assessee's claimed loss. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785621