https://www.taxtmi.com/caselaws?id=358459 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the assessment year 2008-09. The CIT(A) deleted most disallowances of expenditures claimed by the broker and commission agent, except for losses from trading in shares. The CIT(A) provided detailed reasoning, supported by documentary evidence, to justify the allowed expenditures and differentiate between various types of losses incurred. The Tribunal found the Assessing Officer's disallowances lacking in logic and legal basis, upholding the CIT(A)'s decision as comprehensive and well-founded. The appeal was dismissed, affirming the CIT(A)'s order. en-us Tue, 10 Apr 2018 00:00:00 +0530 Thu, 12 Apr 2018 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358459 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the assessment year 2008-09. The CIT(A) deleted most disallowances of expenditures claimed by the broker and commission agent, except for losses from trading in shares. The CIT(A) provided detailed reasoning, supported by documentary evidence, to justify the allowed expenditures and differentiate between various types of losses incurred. The Tribunal found the Assessing Officer's disallowances lacking in logic and legal basis, upholding the CIT(A)'s decision as comprehensive and well-founded. The appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358459