https://www.taxtmi.com/caselaws?id=63066 The Appellate Authority Commissioner allowed the deletion of speculation loss disallowance claimed by the assessee, deeming it genuine after examining vouchers and accounts. The Tribunal upheld this decision, rejecting the Department's challenge on the grounds that the evidence was not presented to the Income Tax Officer. Additionally, the Tribunal upheld the reduction of the minor's share in the profits of a firm from 19% to 10%, attributing it to the father individually rather than the assessee Hindu Undivided Family, dismissing the Department's appeal. en-us Mon, 24 Mar 1975 00:00:00 +0530 Thu, 27 Jan 2011 17:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63066 The Appellate Authority Commissioner allowed the deletion of speculation loss disallowance claimed by the assessee, deeming it genuine after examining vouchers and accounts. The Tribunal upheld this decision, rejecting the Department's challenge on the grounds that the evidence was not presented to the Income Tax Officer. Additionally, the Tribunal upheld the reduction of the minor's share in the profits of a firm from 19% to 10%, attributing it to the father individually rather than the assessee Hindu Undivided Family, dismissing the Department's appeal. Case-Laws Income Tax Mon, 24 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63066