https://www.taxtmi.com/caselaws?id=59544 The appeal was allowed in favor of the assessee regarding the disallowance under section 32AB of the IT Act for an unserviceable asset, as the Tribunal deemed the substitution of the asset as a prudent business decision. However, the treatment of short-term capital loss as speculation loss for a manufacturing company was upheld by the Tribunal, as no delivery was taken or given for the shares sold, resulting in the dismissal of this ground of appeal. The appeal was partly allowed for the assessee in this case. en-us Mon, 31 Mar 2003 00:00:00 +0530 Tue, 19 Jun 2012 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59544 The appeal was allowed in favor of the assessee regarding the disallowance under section 32AB of the IT Act for an unserviceable asset, as the Tribunal deemed the substitution of the asset as a prudent business decision. However, the treatment of short-term capital loss as speculation loss for a manufacturing company was upheld by the Tribunal, as no delivery was taken or given for the shares sold, resulting in the dismissal of this ground of appeal. The appeal was partly allowed for the assessee in this case. Case-Laws Income Tax Mon, 31 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59544