https://www.taxtmi.com/caselaws?id=334707 The appeal was allowed to proceed as the court determined that the monetary limit in circular No. 21/2015 applied to the entire appeal, with the aggregate tax effect exceeding the stipulated limit. Regarding the calculation of deductions under Section 80 IA based on trading activities, the court upheld the CIT(A)'s decision to accept the assessee's computation of trading loss, criticizing the AO's estimation methods. The Tribunal remanded the issue for recalculation of deductions under Section 80 IA, ultimately dismissing the appeal on its merits in line with the Tribunal's decision. en-us Wed, 19 Oct 2016 00:00:00 +0530 Thu, 02 Feb 2017 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334707 The appeal was allowed to proceed as the court determined that the monetary limit in circular No. 21/2015 applied to the entire appeal, with the aggregate tax effect exceeding the stipulated limit. Regarding the calculation of deductions under Section 80 IA based on trading activities, the court upheld the CIT(A)'s decision to accept the assessee's computation of trading loss, criticizing the AO's estimation methods. The Tribunal remanded the issue for recalculation of deductions under Section 80 IA, ultimately dismissing the appeal on its merits in line with the Tribunal's decision. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334707