https://www.taxtmi.com/caselaws?id=383167 The Tribunal partially allowed the assessee's appeal by directing the deletion of the disallowance of the Short-Term Capital Loss (STCL), restricting the disallowance of employee benefit expenses to Rs. 1,54,228, and allowing the entire amount of other expenses. The Tribunal emphasized the necessity of concrete evidence and proper documentation in tax assessments and disallowances. The AO was instructed to recompute the interest liability based on the revised tax liability following the Tribunal's directions. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 07 Aug 2019 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383167 The Tribunal partially allowed the assessee's appeal by directing the deletion of the disallowance of the Short-Term Capital Loss (STCL), restricting the disallowance of employee benefit expenses to Rs. 1,54,228, and allowing the entire amount of other expenses. The Tribunal emphasized the necessity of concrete evidence and proper documentation in tax assessments and disallowances. The AO was instructed to recompute the interest liability based on the revised tax liability following the Tribunal's directions. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383167