https://www.taxtmi.com/caselaws?id=254209 The Tribunal upheld the CIT(A)'s decision, allowing the set off of brought forward speculation losses against current year income and deleting the addition made under section 68 of the Income Tax Act. The Tribunal emphasized the need for providing sufficient details and evidence to support claims, highlighting that additions cannot be made solely based on suspicions. The appeal filed by the revenue was ultimately dismissed. en-us Thu, 11 Dec 2014 00:00:00 +0530 Tue, 16 Dec 2014 06:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254209 The Tribunal upheld the CIT(A)'s decision, allowing the set off of brought forward speculation losses against current year income and deleting the addition made under section 68 of the Income Tax Act. The Tribunal emphasized the need for providing sufficient details and evidence to support claims, highlighting that additions cannot be made solely based on suspicions. The appeal filed by the revenue was ultimately dismissed. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254209