https://www.taxtmi.com/caselaws?id=59487 The appellate tribunal upheld the disallowance of interest paid to National Stock Exchange, considering it a capital expense. The claim for short-term capital loss on the sale of shares of Panchmahal Cement was rejected due to lack of evidence supporting the transaction. Consequently, the appeal of the assessee was dismissed in its entirety. en-us Thu, 04 Jan 2007 00:00:00 +0530 Thu, 30 Dec 2010 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59487 The appellate tribunal upheld the disallowance of interest paid to National Stock Exchange, considering it a capital expense. The claim for short-term capital loss on the sale of shares of Panchmahal Cement was rejected due to lack of evidence supporting the transaction. Consequently, the appeal of the assessee was dismissed in its entirety. Case-Laws Income Tax Thu, 04 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59487