https://www.taxtmi.com/caselaws?id=409347 The Tribunal allowed the Assessee's appeal, concluding that the addition of Rs. 21,35,877/- as short-term capital gain based solely on AIR information was unsustainable without corroborative evidence. The Tribunal emphasized the need for equal treatment of taxpayers in similar situations. Additionally, the Tribunal directed the AO to verify that similar expenses were not claimed against the income of the partnership firms, ultimately ordering the deletion of the additions and disallowances made by the AO. en-us Fri, 11 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:43:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409347 The Tribunal allowed the Assessee's appeal, concluding that the addition of Rs. 21,35,877/- as short-term capital gain based solely on AIR information was unsustainable without corroborative evidence. The Tribunal emphasized the need for equal treatment of taxpayers in similar situations. Additionally, the Tribunal directed the AO to verify that similar expenses were not claimed against the income of the partnership firms, ultimately ordering the deletion of the additions and disallowances made by the AO. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409347