https://www.taxtmi.com/caselaws?id=389571 The appeal challenged an order confirming the addition made by the Assessing Officer regarding the assessment year 2009-10, related to the assessment of margin money in derivative trading. The Commissioner of Income Tax (Appeals) enhanced the addition but was deemed unjustified due to lack of evidence. The original addition by the AO was upheld as the appellant failed to provide evidence against it. The appeal was partly allowed, emphasizing the importance of substantiated reasoning in tax assessments. en-us Tue, 03 Dec 2019 00:00:00 +0530 Wed, 11 Dec 2019 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389571 The appeal challenged an order confirming the addition made by the Assessing Officer regarding the assessment year 2009-10, related to the assessment of margin money in derivative trading. The Commissioner of Income Tax (Appeals) enhanced the addition but was deemed unjustified due to lack of evidence. The original addition by the AO was upheld as the appellant failed to provide evidence against it. The appeal was partly allowed, emphasizing the importance of substantiated reasoning in tax assessments. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389571