https://www.taxtmi.com/caselaws?id=284448 The Tribunal allowed the assessees' appeal against the disallowance of losses in trading of shares through Client Code Modifications (CCM) for the assessment year 2010-11. The Tribunal found that the Assessing Officer did not properly examine the transactions and directed a fresh examination, emphasizing the need for thorough assessment before disallowing losses. The assessees were given the opportunity to present their materials and explanations. The appeals were treated as partly allowed for statistical purposes, with other pleas dismissed as they were not argued. The order was pronounced on July 26, 2019, in Chennai. en-us Fri, 26 Jul 2019 00:00:00 +0530 Tue, 19 Nov 2019 10:20:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284448 The Tribunal allowed the assessees' appeal against the disallowance of losses in trading of shares through Client Code Modifications (CCM) for the assessment year 2010-11. The Tribunal found that the Assessing Officer did not properly examine the transactions and directed a fresh examination, emphasizing the need for thorough assessment before disallowing losses. The assessees were given the opportunity to present their materials and explanations. The appeals were treated as partly allowed for statistical purposes, with other pleas dismissed as they were not argued. The order was pronounced on July 26, 2019, in Chennai. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284448