https://www.taxtmi.com/caselaws?id=287279 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of the claimed loss of Rs. 1,87,37,906 by the assessee. The Tribunal found that the expenses were genuine and incurred for business activities, supported by proper documentation. The AO's failure to consider the details provided by the assessee led to the allowance of the business loss. The departmental appeal challenging the deletion of the disallowed loss was dismissed. en-us Mon, 08 Jul 2019 00:00:00 +0530 Tue, 07 Apr 2020 09:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287279 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of the claimed loss of Rs. 1,87,37,906 by the assessee. The Tribunal found that the expenses were genuine and incurred for business activities, supported by proper documentation. The AO's failure to consider the details provided by the assessee led to the allowance of the business loss. The departmental appeal challenging the deletion of the disallowed loss was dismissed. Case-Laws Income Tax Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287279