https://www.taxtmi.com/caselaws?id=213508 The Tribunal upheld the Commissioner of Income Tax's order under section 263, remitting the matter back to the Assessing Officer for re-adjudication due to errors in allowing set-off of speculation loss and misclassification of capital gains from share sales. The Assessing Officer was directed to conduct proper inquiries and verify eligibility for set-off in accordance with the law. The Tribunal instructed the Assessing Officer to pass a new order considering all submissions and case laws, allowing the assessee's appeal for statistical purposes. en-us Mon, 21 Nov 2011 00:00:00 +0530 Thu, 24 May 2012 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213508 The Tribunal upheld the Commissioner of Income Tax's order under section 263, remitting the matter back to the Assessing Officer for re-adjudication due to errors in allowing set-off of speculation loss and misclassification of capital gains from share sales. The Assessing Officer was directed to conduct proper inquiries and verify eligibility for set-off in accordance with the law. The Tribunal instructed the Assessing Officer to pass a new order considering all submissions and case laws, allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Mon, 21 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213508