https://www.taxtmi.com/caselaws?id=326557 The Tribunal partially allowed the Revenue's appeals and dismissed the assessee's appeal. The treatment of speculative loss was upheld, deeming the entire loss as speculative due to transactions on an unrecognized stock exchange. The additions towards inflated purchase of gold and unexplained cash deposits were remitted back to the CIT(A) for detailed reconsideration, as the Tribunal found the previous decisions lacking in analysis and detail. en-us Fri, 26 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 11:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326557 The Tribunal partially allowed the Revenue's appeals and dismissed the assessee's appeal. The treatment of speculative loss was upheld, deeming the entire loss as speculative due to transactions on an unrecognized stock exchange. The additions towards inflated purchase of gold and unexplained cash deposits were remitted back to the CIT(A) for detailed reconsideration, as the Tribunal found the previous decisions lacking in analysis and detail. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326557