https://www.taxtmi.com/caselaws?id=205462 The High Court allowed the revenue's appeal under Section 260A of the Income Tax Act, setting aside the orders of the Commissioner of Income Tax (Appeals) and the Tribunal. The matter was remitted back to the Commissioner of Income Tax (Appeals) for a fresh decision concerning the addition of Rs.20,00,000 claimed as losses in trading of rice for the assessment year 2001-02. The court found the previous decisions lacking in proper consideration of crucial aspects of the case, particularly regarding the identity of sellers and the authenticity of sales and purchase bills. en-us Wed, 16 Feb 2011 00:00:00 +0530 Tue, 06 Sep 2011 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205462 The High Court allowed the revenue's appeal under Section 260A of the Income Tax Act, setting aside the orders of the Commissioner of Income Tax (Appeals) and the Tribunal. The matter was remitted back to the Commissioner of Income Tax (Appeals) for a fresh decision concerning the addition of Rs.20,00,000 claimed as losses in trading of rice for the assessment year 2001-02. The court found the previous decisions lacking in proper consideration of crucial aspects of the case, particularly regarding the identity of sellers and the authenticity of sales and purchase bills. Case-Laws Income Tax Wed, 16 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205462