https://www.taxtmi.com/caselaws?id=62776 The Tribunal set aside the assessment order regarding the addition of Rs. 12,41,298, directing the AO to permit cross-examination of Shri Satish Chand Goel and reassess the evidence. The determination of speculative loss under Explanation to Section 73 was upheld. The appeal was allowed for statistical purposes, addressing the procedural defect concerning the denial of cross-examination, but the speculative loss determination and other findings were maintained. en-us Fri, 15 May 2009 00:00:00 +0530 Thu, 19 Oct 2023 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62776 The Tribunal set aside the assessment order regarding the addition of Rs. 12,41,298, directing the AO to permit cross-examination of Shri Satish Chand Goel and reassess the evidence. The determination of speculative loss under Explanation to Section 73 was upheld. The appeal was allowed for statistical purposes, addressing the procedural defect concerning the denial of cross-examination, but the speculative loss determination and other findings were maintained. Case-Laws Income Tax Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62776