https://www.taxtmi.com/caselaws?id=358314 The Tribunal partly allowed the appeal, upholding the addition under section 68 of the Income Tax Act and the disallowance of loss on trading of shares. However, it directed the allowance of trading loss transferred to loan creditors and loss on futures and options. The Tribunal emphasized the initial burden of proof on the assessee and ruled in favor of the assessee regarding the losses transferred to third parties and futures and options trading. en-us Wed, 10 Jan 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358314 The Tribunal partly allowed the appeal, upholding the addition under section 68 of the Income Tax Act and the disallowance of loss on trading of shares. However, it directed the allowance of trading loss transferred to loan creditors and loss on futures and options. The Tribunal emphasized the initial burden of proof on the assessee and ruled in favor of the assessee regarding the losses transferred to third parties and futures and options trading. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358314