https://www.taxtmi.com/caselaws?id=262298 The Tribunal upheld the deletion of an addition of Rs. 8,00,850 for unaccounted sales, directing the AO to verify the remaining amount. It also upheld the direction to verify a bogus cash credit of Rs. 1,60,000, rejecting the Revenue's challenge. The disallowed loss in shares derivative transactions was dismissed as academic. Both the Revenue's appeal and Assessee's cross objection were dismissed, affirming the CIT(A)'s decisions. The judgment was delivered on July 31, 2015, in Ahmedabad. en-us Fri, 31 Jul 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262298 The Tribunal upheld the deletion of an addition of Rs. 8,00,850 for unaccounted sales, directing the AO to verify the remaining amount. It also upheld the direction to verify a bogus cash credit of Rs. 1,60,000, rejecting the Revenue's challenge. The disallowed loss in shares derivative transactions was dismissed as academic. Both the Revenue's appeal and Assessee's cross objection were dismissed, affirming the CIT(A)'s decisions. The judgment was delivered on July 31, 2015, in Ahmedabad. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262298