https://www.taxtmi.com/caselaws?id=398893 The Tribunal upheld the Ld. CIT(A)'s decisions in the case. The assessee was allowed to carry forward losses incurred during the year for set off in subsequent years as the transactions were found to be non-speculative. The addition of unexplained cash credit under Section 68 was deleted as the loan's genuineness was proven. The disallowed short-term capital loss claim was allowed due to genuine transaction details. The alleged violation of Rule 46A was dismissed. The revenue's appeal was dismissed in full, confirming the Ld. CIT(A)'s order. en-us Thu, 24 Sep 2020 00:00:00 +0530 Sat, 26 Sep 2020 13:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398893 The Tribunal upheld the Ld. CIT(A)'s decisions in the case. The assessee was allowed to carry forward losses incurred during the year for set off in subsequent years as the transactions were found to be non-speculative. The addition of unexplained cash credit under Section 68 was deleted as the loan's genuineness was proven. The disallowed short-term capital loss claim was allowed due to genuine transaction details. The alleged violation of Rule 46A was dismissed. The revenue's appeal was dismissed in full, confirming the Ld. CIT(A)'s order. Case-Laws Income Tax Thu, 24 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398893