https://www.taxtmi.com/caselaws?id=55244 The tribunal upheld the disallowance of the Rs. 80,000 loss claimed by the assessee as it did not meet the criteria for either business or capital loss deductions. Additionally, the second ground regarding the disallowance of sales tax liabilities was dismissed as the assessee did not press the issue during the hearing. en-us Mon, 28 Feb 1994 00:00:00 +0530 Fri, 20 Jan 2012 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55244 The tribunal upheld the disallowance of the Rs. 80,000 loss claimed by the assessee as it did not meet the criteria for either business or capital loss deductions. Additionally, the second ground regarding the disallowance of sales tax liabilities was dismissed as the assessee did not press the issue during the hearing. Case-Laws Income Tax Mon, 28 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55244