https://www.taxtmi.com/caselaws?id=242768 The Tribunal upheld the CIT(A)'s decision on two issues. Firstly, the loss on share transactions was deemed a normal business loss rather than speculative. Secondly, the addition under Section 68 regarding unsecured loans was removed as the transactions were proven genuine with adequate evidence. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders. en-us Fri, 17 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 07:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242768 The Tribunal upheld the CIT(A)'s decision on two issues. Firstly, the loss on share transactions was deemed a normal business loss rather than speculative. Secondly, the addition under Section 68 regarding unsecured loans was removed as the transactions were proven genuine with adequate evidence. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242768