https://www.taxtmi.com/caselaws?id=217067 The ITAT upheld the deletion of the addition of share trading profit by the CIT(A), citing lack of opportunity for explanation by the AO. The Revenue's appeal was dismissed as the deletion was deemed lawful. Regarding the addition of cash deposited in the bank account, the ITAT found the CIT(A) at fault for not providing reasons for deletion as required by law. The matter was remanded to the AO for fresh consideration with directions to provide the appellant with relevant books and a hearing. The Revenue's appeal was partially allowed. en-us Thu, 12 Jul 2012 00:00:00 +0530 Thu, 27 Sep 2012 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217067 The ITAT upheld the deletion of the addition of share trading profit by the CIT(A), citing lack of opportunity for explanation by the AO. The Revenue's appeal was dismissed as the deletion was deemed lawful. Regarding the addition of cash deposited in the bank account, the ITAT found the CIT(A) at fault for not providing reasons for deletion as required by law. The matter was remanded to the AO for fresh consideration with directions to provide the appellant with relevant books and a hearing. The Revenue's appeal was partially allowed. Case-Laws Income Tax Thu, 12 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217067