https://www.taxtmi.com/caselaws?id=290852 The Tribunal dismissed the Revenue's appeal, affirming the CIT-A's decision to delete the addition of unexplained loss in foreign currency transactions made by the AO. The Tribunal held that the CIT-A's decision was based on existing material and relevant case laws, finding that the AO's addition lacked substantiated evidence. It was concluded that the CIT-A appropriately considered the available evidence, and no new evidence was presented before the CIT-A that was not already before the AO. en-us Wed, 28 Mar 2018 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290852 The Tribunal dismissed the Revenue's appeal, affirming the CIT-A's decision to delete the addition of unexplained loss in foreign currency transactions made by the AO. The Tribunal held that the CIT-A's decision was based on existing material and relevant case laws, finding that the AO's addition lacked substantiated evidence. It was concluded that the CIT-A appropriately considered the available evidence, and no new evidence was presented before the CIT-A that was not already before the AO. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290852