https://www.taxtmi.com/caselaws?id=59617 The Tribunal allowed the deduction claimed for debts/loans and advances written off, directing specific amounts to be deducted for each party. It also ruled that profit from the sale of shares of Bangalore Stock Exchange should be treated as long-term capital gain. Losses from share transactions were to be re-examined for genuineness, and special brokerage paid was allowed as a deduction. A disagreement between members on the treatment of share sale profit led to referral to a Third Member, who ultimately agreed with treating it as long-term capital gain. en-us Wed, 18 Jul 2007 00:00:00 +0530 Fri, 31 Dec 2010 11:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59617 The Tribunal allowed the deduction claimed for debts/loans and advances written off, directing specific amounts to be deducted for each party. It also ruled that profit from the sale of shares of Bangalore Stock Exchange should be treated as long-term capital gain. Losses from share transactions were to be re-examined for genuineness, and special brokerage paid was allowed as a deduction. A disagreement between members on the treatment of share sale profit led to referral to a Third Member, who ultimately agreed with treating it as long-term capital gain. Case-Laws Income Tax Wed, 18 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59617