https://www.taxtmi.com/caselaws?id=174379 The Tribunal dismissed the revenue's appeal and upheld the decision of the CIT (A) regarding the deletion of addition on account of setting off loss from trading in commodities against business income. The Tribunal found that the additional income declared by the assessee covered the disallowed amount, leading to the rejection of the revenue's arguments. Additionally, the Tribunal agreed with the CIT (A) on the treatment of the loss as speculative in nature, further supporting the assessee's position. en-us Wed, 28 Dec 2011 00:00:00 +0530 Wed, 07 Oct 2015 15:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174379 The Tribunal dismissed the revenue's appeal and upheld the decision of the CIT (A) regarding the deletion of addition on account of setting off loss from trading in commodities against business income. The Tribunal found that the additional income declared by the assessee covered the disallowed amount, leading to the rejection of the revenue's arguments. Additionally, the Tribunal agreed with the CIT (A) on the treatment of the loss as speculative in nature, further supporting the assessee's position. Case-Laws Income Tax Wed, 28 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174379