https://www.taxtmi.com/caselaws?id=281695 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and restored that of the Assessing Officer regarding the addition on account of short term capital gains, as the assessee failed to prove ownership of the gift or provide necessary documentation. The case was remitted back to the Assessing Officer for reconsideration of the allowance of deduction claimed under Chapter VI-A based on new evidences submitted by the assessee. The Tribunal emphasized the importance of providing documentary evidence to support income and deduction claims, highlighting the need for compliance with tax regulations. en-us Tue, 12 Feb 2019 00:00:00 +0530 Mon, 01 Jul 2019 20:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281695 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and restored that of the Assessing Officer regarding the addition on account of short term capital gains, as the assessee failed to prove ownership of the gift or provide necessary documentation. The case was remitted back to the Assessing Officer for reconsideration of the allowance of deduction claimed under Chapter VI-A based on new evidences submitted by the assessee. The Tribunal emphasized the importance of providing documentary evidence to support income and deduction claims, highlighting the need for compliance with tax regulations. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281695