https://www.taxtmi.com/caselaws?id=283699 The Tribunal partly allowed the appeal regarding the disallowance of sub-brokerage expenses for the assessment year 1998-99. The burden of proof under section 37(1) of the Income Tax Act was crucial, with the Tribunal emphasizing the assessee's responsibility to provide necessary details. The Tribunal directed further verification by the Assessing Officer, highlighting discrepancies in confirmations and non-responses from sub-brokers. The Tribunal's decision partly favored the assessee for statistical purposes, with the order pronounced on July 16, 2014. en-us Wed, 16 Jul 2014 00:00:00 +0530 Mon, 07 Oct 2019 21:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283699 The Tribunal partly allowed the appeal regarding the disallowance of sub-brokerage expenses for the assessment year 1998-99. The burden of proof under section 37(1) of the Income Tax Act was crucial, with the Tribunal emphasizing the assessee's responsibility to provide necessary details. The Tribunal directed further verification by the Assessing Officer, highlighting discrepancies in confirmations and non-responses from sub-brokers. The Tribunal's decision partly favored the assessee for statistical purposes, with the order pronounced on July 16, 2014. Case-Laws Income Tax Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283699