https://www.taxtmi.com/caselaws?id=367226 The ITAT upheld the Ld. Commissioner of Income Tax (A)'s decisions to delete additions made by the Assessing Officer, including trading result, credit card expenses, unconfirmed unsecured loans, and unverifiable expenses for the assessment year 2011-12. The ITAT found the Assessing Officer's additions lacked substantial evidence, were arbitrary, and based on guesswork. It was noted that no defects were found in the details provided by the assessee, leading to the dismissal of the department's appeal challenging the deletions of additions. en-us Tue, 11 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367226 The ITAT upheld the Ld. Commissioner of Income Tax (A)'s decisions to delete additions made by the Assessing Officer, including trading result, credit card expenses, unconfirmed unsecured loans, and unverifiable expenses for the assessment year 2011-12. The ITAT found the Assessing Officer's additions lacked substantial evidence, were arbitrary, and based on guesswork. It was noted that no defects were found in the details provided by the assessee, leading to the dismissal of the department's appeal challenging the deletions of additions. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367226