https://www.taxtmi.com/caselaws?id=282500 The Tribunal upheld the Ld. Commissioner's decision, dismissing the Revenue's appeal challenging the disallowance of set off of fictitious losses and addition towards unexplained expenditure. The Assessee, engaged in shares and stock broking, successfully argued against the allegations, citing legitimate transactions and lack of evidence. The Tribunal also upheld the deletion of the addition towards unexplained expenditure, emphasizing the Assessee's adherence to stock exchange procedures. The cross objection by the Assessee was not pursued and was consequently dismissed. en-us Wed, 03 Jan 2018 00:00:00 +0530 Fri, 09 Aug 2019 18:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282500 The Tribunal upheld the Ld. Commissioner's decision, dismissing the Revenue's appeal challenging the disallowance of set off of fictitious losses and addition towards unexplained expenditure. The Assessee, engaged in shares and stock broking, successfully argued against the allegations, citing legitimate transactions and lack of evidence. The Tribunal also upheld the deletion of the addition towards unexplained expenditure, emphasizing the Assessee's adherence to stock exchange procedures. The cross objection by the Assessee was not pursued and was consequently dismissed. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282500