https://www.taxtmi.com/caselaws?id=218966 The Tribunal remanded both issues back to the Assessing Officer for proper verification. The first issue concerning the disallowance of a claim of loss on the sale of shares was remanded due to the assessee's failure to provide essential details and confirmations. The second issue regarding the addition of an amount advanced to an individual was remanded for further examination to ensure compliance with the principles of identity, capacity, and genuineness of the transaction. As no questions of law were identified, the Tax Appeal was dismissed. en-us Wed, 11 Jan 2012 00:00:00 +0530 Fri, 30 Nov 2012 17:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218966 The Tribunal remanded both issues back to the Assessing Officer for proper verification. The first issue concerning the disallowance of a claim of loss on the sale of shares was remanded due to the assessee's failure to provide essential details and confirmations. The second issue regarding the addition of an amount advanced to an individual was remanded for further examination to ensure compliance with the principles of identity, capacity, and genuineness of the transaction. As no questions of law were identified, the Tax Appeal was dismissed. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218966