https://www.taxtmi.com/caselaws?id=237208 The Tribunal upheld the addition of cash credit by the Assessing Officer, disallowing share trading loss and loss from trading in cloth. It confirmed the jurisdiction of the Assessing Officer to assess cash credit and set aside the Commissioner's deletion of cash credit addition. The disallowance of bad debt was upheld due to lack of evidence. The Tribunal emphasized the importance of proper verification and documentation. The outcome resulted in partial allowance for the assessee's appeal and a similar outcome for the Revenue's appeal. en-us Fri, 28 Sep 2012 00:00:00 +0530 Mon, 08 Aug 2016 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237208 The Tribunal upheld the addition of cash credit by the Assessing Officer, disallowing share trading loss and loss from trading in cloth. It confirmed the jurisdiction of the Assessing Officer to assess cash credit and set aside the Commissioner's deletion of cash credit addition. The disallowance of bad debt was upheld due to lack of evidence. The Tribunal emphasized the importance of proper verification and documentation. The outcome resulted in partial allowance for the assessee's appeal and a similar outcome for the Revenue's appeal. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237208