https://www.taxtmi.com/caselaws?id=394754 The ITAT partially allowed the appeal for the A.Y. 2010-11, addressing the denial of benefit regarding stock income surrendered for unaccounted purchases. It found that the AO incorrectly treated suppressed sales as unexplained investments, directing the AO to restrict the addition to the profit element on unaccounted sales. However, the judgment did not provide specific details on the resolution of the issue concerning the charging of interest under sections 234B/234C & 234D or the appeal for adding, amending, or altering grounds of appeal. en-us Mon, 17 Feb 2020 00:00:00 +0530 Tue, 22 Sep 2020 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394754 The ITAT partially allowed the appeal for the A.Y. 2010-11, addressing the denial of benefit regarding stock income surrendered for unaccounted purchases. It found that the AO incorrectly treated suppressed sales as unexplained investments, directing the AO to restrict the addition to the profit element on unaccounted sales. However, the judgment did not provide specific details on the resolution of the issue concerning the charging of interest under sections 234B/234C & 234D or the appeal for adding, amending, or altering grounds of appeal. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394754