https://www.taxtmi.com/caselaws?id=57878 The Tribunal ruled in favor of the assessee, recognizing the transactions as capital investments under section 47(iv) of the Income Tax Act, 1961. The Tribunal allowed the deduction of the short-term capital loss on renouncing rights entitlement of equity shares, supporting the assessee's claim. The appeal was allowed, and the additions made by the Assessing Officer were deleted. en-us Mon, 19 Jun 1995 00:00:00 +0530 Wed, 15 Dec 2010 11:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57878 The Tribunal ruled in favor of the assessee, recognizing the transactions as capital investments under section 47(iv) of the Income Tax Act, 1961. The Tribunal allowed the deduction of the short-term capital loss on renouncing rights entitlement of equity shares, supporting the assessee's claim. The appeal was allowed, and the additions made by the Assessing Officer were deleted. Case-Laws Income Tax Mon, 19 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57878