https://www.taxtmi.com/caselaws?id=273384 The Tribunal allowed the Assessee's appeal for statistical purposes, emphasizing the need for proper consideration of the Assessee's contentions on merits. The Commissioner's order was set aside in the first issue regarding the claim of dividend income as exempt u/s. 10(33) due to lack of effective opportunity for the Assessee to be heard. In the second issue on the treatment of business loss as speculative loss, the matter was remitted back to the Assessing Officer for proper consideration based on merits, highlighting the requirement for a revised return to entertain claims. en-us Fri, 21 Sep 2012 00:00:00 +0530 Fri, 22 Jun 2018 11:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273384 The Tribunal allowed the Assessee's appeal for statistical purposes, emphasizing the need for proper consideration of the Assessee's contentions on merits. The Commissioner's order was set aside in the first issue regarding the claim of dividend income as exempt u/s. 10(33) due to lack of effective opportunity for the Assessee to be heard. In the second issue on the treatment of business loss as speculative loss, the matter was remitted back to the Assessing Officer for proper consideration based on merits, highlighting the requirement for a revised return to entertain claims. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273384