https://www.taxtmi.com/caselaws?id=258594 The Appellate Tribunal remitted the matter to the AO for further examination regarding the deletion of the addition of Rs. 2,06,91,000, emphasizing the need for the assessee to provide evidence supporting the claim. The Tribunal also directed the AO to verify if the diminution in the value of investment amounting to Rs. 3,67,395 was already taxed in the preceding year to avoid double taxation. The Tribunal allowed the appeal of the Revenue and the cross objection of the assessee for statistical purposes, stressing the importance of proper verification and evidence in tax assessments. en-us Fri, 20 Mar 2015 00:00:00 +0530 Wed, 15 Apr 2015 13:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258594 The Appellate Tribunal remitted the matter to the AO for further examination regarding the deletion of the addition of Rs. 2,06,91,000, emphasizing the need for the assessee to provide evidence supporting the claim. The Tribunal also directed the AO to verify if the diminution in the value of investment amounting to Rs. 3,67,395 was already taxed in the preceding year to avoid double taxation. The Tribunal allowed the appeal of the Revenue and the cross objection of the assessee for statistical purposes, stressing the importance of proper verification and evidence in tax assessments. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258594