https://www.taxtmi.com/caselaws?id=179389 The Court upheld the decision of the Commissioner of Income-tax (Appeals) allowing the Assessee to adduce additional evidence to establish the genuineness of a short-term capital loss claim. The Revenue's appeal was dismissed as the Court found no error in the lower authorities' decisions. The Court emphasized that the Assessing Officer should have taken steps to verify the transaction's authenticity, including confirming the broker's details provided by the Assessee. Consequently, the Court concluded that no substantial question of law arose for consideration and dismissed the appeal. en-us Mon, 29 Oct 2007 00:00:00 +0530 Mon, 29 Feb 2016 10:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179389 The Court upheld the decision of the Commissioner of Income-tax (Appeals) allowing the Assessee to adduce additional evidence to establish the genuineness of a short-term capital loss claim. The Revenue's appeal was dismissed as the Court found no error in the lower authorities' decisions. The Court emphasized that the Assessing Officer should have taken steps to verify the transaction's authenticity, including confirming the broker's details provided by the Assessee. Consequently, the Court concluded that no substantial question of law arose for consideration and dismissed the appeal. Case-Laws Income Tax Mon, 29 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179389