https://www.taxtmi.com/caselaws?id=389608 The Tribunal allowed the appeal filed by the assessee, canceling the addition of Rs. 2,31,804 as a bogus loss on account of Client Code Modification (CCM). The Assessing Officer's decision was overturned as it failed to consider the genuine errors in CCM transactions and relied solely on external reports without proper investigation. The Tribunal stressed the importance of assessing each case individually rather than generalizing patterns of misuse, highlighting the need for a comprehensive examination of specific facts before making additions based on external information. en-us Tue, 03 Dec 2019 00:00:00 +0530 Thu, 12 Dec 2019 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389608 The Tribunal allowed the appeal filed by the assessee, canceling the addition of Rs. 2,31,804 as a bogus loss on account of Client Code Modification (CCM). The Assessing Officer's decision was overturned as it failed to consider the genuine errors in CCM transactions and relied solely on external reports without proper investigation. The Tribunal stressed the importance of assessing each case individually rather than generalizing patterns of misuse, highlighting the need for a comprehensive examination of specific facts before making additions based on external information. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389608