https://www.taxtmi.com/caselaws?id=384701 The Tribunal upheld the reopening of the case under section 147 of the Income Tax Act, 1961. However, it ruled in favor of the assessee regarding the treatment of the loss as bogus and the sale proceeds from shares as unexplained cash credits. The Tribunal found insufficient evidence to support these conclusions and deleted the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals), allowing the appeals in favor of the assessee. en-us Fri, 09 Aug 2019 00:00:00 +0530 Tue, 20 Aug 2019 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384701 The Tribunal upheld the reopening of the case under section 147 of the Income Tax Act, 1961. However, it ruled in favor of the assessee regarding the treatment of the loss as bogus and the sale proceeds from shares as unexplained cash credits. The Tribunal found insufficient evidence to support these conclusions and deleted the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals), allowing the appeals in favor of the assessee. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384701