https://www.taxtmi.com/caselaws?id=217807 The disallowance of a claim for shortage, damages, and moisture by the Assessing Officer was overturned by the CIT(A) in a case involving a trading company dealing in soyabean and wheat. The Tribunal upheld the CIT(A)'s decision, emphasizing that the deductions by buyers were customary in the trade and supported by evidence. Additionally, an addition in the bank account through RTGS was also deleted by the CIT(A) after verification of the transaction details. The Tribunal found no grounds to challenge these decisions, leading to the dismissal of the Revenue's appeal. en-us Tue, 17 Jul 2012 00:00:00 +0530 Fri, 26 Oct 2012 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217807 The disallowance of a claim for shortage, damages, and moisture by the Assessing Officer was overturned by the CIT(A) in a case involving a trading company dealing in soyabean and wheat. The Tribunal upheld the CIT(A)'s decision, emphasizing that the deductions by buyers were customary in the trade and supported by evidence. Additionally, an addition in the bank account through RTGS was also deleted by the CIT(A) after verification of the transaction details. The Tribunal found no grounds to challenge these decisions, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 17 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217807