https://www.taxtmi.com/caselaws?id=297223 The Tribunal held that the transactions in question were genuine and conducted in the normal course of business. It found that the Assessing Officer erred in disallowing the loss claim based on selective scrutiny and unsupported assumptions. The Tribunal set aside the order of the CIT(A) and allowed the appeal of the assessee, confirming that the losses incurred were genuine and not aimed at tax evasion. en-us Wed, 25 Jan 2017 00:00:00 +0530 Tue, 24 Aug 2021 08:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297223 The Tribunal held that the transactions in question were genuine and conducted in the normal course of business. It found that the Assessing Officer erred in disallowing the loss claim based on selective scrutiny and unsupported assumptions. The Tribunal set aside the order of the CIT(A) and allowed the appeal of the assessee, confirming that the losses incurred were genuine and not aimed at tax evasion. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297223