https://www.taxtmi.com/caselaws?id=382973 The Court partly allowed ITA 430/2019 and W.P. (C) 4468/2019, setting aside the ITAT's order. It directed a reexamination of transactions in line with the assessee's contentions to ensure proper consideration and evaluation, as there was no correlation found between forward contract transactions of gold and corresponding purchases and export of jewelry as required by law. The Court found merit in the assessee's arguments based on the documents presented during the proceedings. en-us Mon, 29 Apr 2019 00:00:00 +0530 Sat, 13 Jul 2019 08:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382973 The Court partly allowed ITA 430/2019 and W.P. (C) 4468/2019, setting aside the ITAT's order. It directed a reexamination of transactions in line with the assessee's contentions to ensure proper consideration and evaluation, as there was no correlation found between forward contract transactions of gold and corresponding purchases and export of jewelry as required by law. The Court found merit in the assessee's arguments based on the documents presented during the proceedings. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382973