https://www.taxtmi.com/caselaws?id=237837 The appellant challenged the Income Tax Appellate Tribunal's order regarding the disallowance of loss in share trading and F&O activity along with OD interest. The Tribunal upheld the deletion of disallowance of Rs.66,52,220 for F&O activity and OD interest but remanded the matter to the Assessing Officer for share trading loss due to lack of evidence. The Tribunal emphasized the importance of legally acceptable evidence supporting the transactions and dismissed the Revenue's appeal on future and option transactions. The tax appeal was not entertained as no substantial question of law arose. en-us Fri, 04 Oct 2013 00:00:00 +0530 Tue, 08 Oct 2013 21:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237837 The appellant challenged the Income Tax Appellate Tribunal's order regarding the disallowance of loss in share trading and F&O activity along with OD interest. The Tribunal upheld the deletion of disallowance of Rs.66,52,220 for F&O activity and OD interest but remanded the matter to the Assessing Officer for share trading loss due to lack of evidence. The Tribunal emphasized the importance of legally acceptable evidence supporting the transactions and dismissed the Revenue's appeal on future and option transactions. The tax appeal was not entertained as no substantial question of law arose. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237837