https://www.taxtmi.com/caselaws?id=357027 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reconsider the case in light of additional evidence submitted by the assessee regarding the genuineness of transactions in diamond trading. The disallowance of losses and adhoc additions were disputed, emphasizing the need for proper verification and consideration of evidence in tax assessments. The Tribunal set aside the previous decision, underscoring the importance of due process and thorough examination in tax matters. en-us Tue, 13 Mar 2018 00:00:00 +0530 Fri, 16 Mar 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357027 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reconsider the case in light of additional evidence submitted by the assessee regarding the genuineness of transactions in diamond trading. The disallowance of losses and adhoc additions were disputed, emphasizing the need for proper verification and consideration of evidence in tax assessments. The Tribunal set aside the previous decision, underscoring the importance of due process and thorough examination in tax matters. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357027