https://www.taxtmi.com/caselaws?id=269677 The appeal under Section 260A of the Income Tax Act, 1961, regarding the deletion of a loss claimed by the assessee during the block assessment period was dismissed. The Tribunal's decision in favor of the assessee stood as the Revenue failed to provide evidence to disallow the claim. The unavailability of crucial documents, including the assessment record, prevented the Court from assessing the correctness of the Tribunal's order. Consequently, the appeal was dismissed in favor of the assessee due to the lack of material proving the claimed loss was not genuine. en-us Mon, 07 Dec 2015 00:00:00 +0530 Thu, 17 Dec 2015 23:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269677 The appeal under Section 260A of the Income Tax Act, 1961, regarding the deletion of a loss claimed by the assessee during the block assessment period was dismissed. The Tribunal's decision in favor of the assessee stood as the Revenue failed to provide evidence to disallow the claim. The unavailability of crucial documents, including the assessment record, prevented the Court from assessing the correctness of the Tribunal's order. Consequently, the appeal was dismissed in favor of the assessee due to the lack of material proving the claimed loss was not genuine. Case-Laws Income Tax Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269677