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2019 (11) TMI 102 - HC - Income TaxBogus Long Term Capital Loss arising from the transfer of preference shares - Tribunal on facts found that purchase of the preference shares was shown in the balace-sheet as on 31st March, 2001 filed along with return of income for the Assessment Year 2001-02 - HELD THAT:- We note that the impugned order of the Tribunal on finding of fact has come to the conclusion that the transaction for claiming short term loss was genuine. Nothing has been shown to us which would indicate the above finding of fact by the Tribunal is perverse. Therefore, the question as proposed being one of finding of fact, does not give rise to any substantial question of law. - Decided against revenue.
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