https://www.taxtmi.com/caselaws?id=266195 The ITAT allowed the appeal for statistical purposes, directing the AO to verify the impugned transactions and funds available to the assessee before deciding the issue afresh. The order set aside the CIT(A)'s classification of the loss as speculative under Sec. 43(5) and emphasized the need for fair verification, based on the lack of evidence on delivery and previous decisions indicating the transactions' genuineness. en-us Fri, 21 Aug 2015 00:00:00 +0530 Sun, 18 Oct 2015 19:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266195 The ITAT allowed the appeal for statistical purposes, directing the AO to verify the impugned transactions and funds available to the assessee before deciding the issue afresh. The order set aside the CIT(A)'s classification of the loss as speculative under Sec. 43(5) and emphasized the need for fair verification, based on the lack of evidence on delivery and previous decisions indicating the transactions' genuineness. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266195