https://www.taxtmi.com/caselaws?id=271960 The ITAT upheld the deletion of the addition on account of disallowance of loss in trading of foam and fabrics. The tribunal found that the AO had failed to properly investigate the evidence presented by the appellant and had relied on the original assessment order without considering the submissions made. The ITAT concluded that the CIT (A)'s decision to delete the addition was valid, emphasizing the need for a thorough examination of evidence in assessments for fair outcomes. en-us Fri, 15 Jan 2016 00:00:00 +0530 Tue, 23 Feb 2016 10:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271960 The ITAT upheld the deletion of the addition on account of disallowance of loss in trading of foam and fabrics. The tribunal found that the AO had failed to properly investigate the evidence presented by the appellant and had relied on the original assessment order without considering the submissions made. The ITAT concluded that the CIT (A)'s decision to delete the addition was valid, emphasizing the need for a thorough examination of evidence in assessments for fair outcomes. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271960