https://www.taxtmi.com/caselaws?id=297888 The Tribunal allowed the assessee's appeal, directing the AO to delete the disallowance of the trading loss on the sale of shares for the Assessment Year 2014-15. The Tribunal emphasized the lack of material evidence linking the assessee to any malafides and highlighted the importance of procedural fairness, the right to cross-examine witnesses, and the necessity for corroborative evidence to support additions based on retracted statements. The chargeability of interest under Sections 234A and 234B was considered consequential and did not require specific adjudication. en-us Wed, 10 Oct 2018 00:00:00 +0530 Wed, 29 Sep 2021 11:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297888 The Tribunal allowed the assessee's appeal, directing the AO to delete the disallowance of the trading loss on the sale of shares for the Assessment Year 2014-15. The Tribunal emphasized the lack of material evidence linking the assessee to any malafides and highlighted the importance of procedural fairness, the right to cross-examine witnesses, and the necessity for corroborative evidence to support additions based on retracted statements. The chargeability of interest under Sections 234A and 234B was considered consequential and did not require specific adjudication. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297888