https://www.taxtmi.com/caselaws?id=405870 The tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to treat the claimed loss as genuine and allow it to be carried forward to subsequent years. The tribunal criticized the AO and CIT(A) for not properly examining the documentary evidence provided by the assessee and being unduly influenced by observations in related group cases. Previous tribunal decisions supporting the genuineness of losses in similar cases were considered, leading to the favorable outcome for the assessee. en-us Fri, 26 Mar 2021 00:00:00 +0530 Tue, 30 Mar 2021 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405870 The tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to treat the claimed loss as genuine and allow it to be carried forward to subsequent years. The tribunal criticized the AO and CIT(A) for not properly examining the documentary evidence provided by the assessee and being unduly influenced by observations in related group cases. Previous tribunal decisions supporting the genuineness of losses in similar cases were considered, leading to the favorable outcome for the assessee. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405870