https://www.taxtmi.com/caselaws?id=381312 The Tribunal partly allowed the appeal, accepting the assessee's trading loss claim of Rs. 16.91 lacs based on seized material, restricting the addition for investment to Rs. 20 lacs, and denying telescoping benefit for the sustained addition. The Tribunal emphasized the importance of assessing income for the correct year and person, applying legal principles and case laws to support its decision. en-us Mon, 20 May 2019 00:00:00 +0530 Sat, 08 Jun 2019 07:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381312 The Tribunal partly allowed the appeal, accepting the assessee's trading loss claim of Rs. 16.91 lacs based on seized material, restricting the addition for investment to Rs. 20 lacs, and denying telescoping benefit for the sustained addition. The Tribunal emphasized the importance of assessing income for the correct year and person, applying legal principles and case laws to support its decision. Case-Laws Income Tax Mon, 20 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381312