https://www.taxtmi.com/caselaws?id=381913 The Tribunal upheld the reopening of the assessment, disallowance of the F&O loss of Rs. 31,98,597, and the addition of Rs. 31,986 as unexplained expenditure. It found that the AO had valid reasons based on tangible information to reopen the assessment and that the assessee failed to prove the genuineness of the F&O losses and the absence of commission expenditure. en-us Tue, 18 Jun 2019 00:00:00 +0530 Thu, 20 Jun 2019 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381913 The Tribunal upheld the reopening of the assessment, disallowance of the F&O loss of Rs. 31,98,597, and the addition of Rs. 31,986 as unexplained expenditure. It found that the AO had valid reasons based on tangible information to reopen the assessment and that the assessee failed to prove the genuineness of the F&O losses and the absence of commission expenditure. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381913