https://www.taxtmi.com/caselaws?id=415022 The Tribunal allowed the appeal for statistical purposes, directing the AO to verify the claims and treat income and deductions accordingly. The Tribunal emphasized consistent income treatment and the assessee's right to claim deductions during appellate proceedings. The addition made under deemed dividend was deleted as the transactions were deemed regular business dealings, not personal benefit or indirect dividend. The Tribunal remitted the share trading and speculative transactions issues back to the AO to verify and potentially treat income under the head of capital gains. The Tribunal allowed the assessee to claim the exemption under section 54B, subject to verification by the AO. en-us Wed, 02 Jun 2021 00:00:00 +0530 Tue, 23 Nov 2021 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415022 The Tribunal allowed the appeal for statistical purposes, directing the AO to verify the claims and treat income and deductions accordingly. The Tribunal emphasized consistent income treatment and the assessee's right to claim deductions during appellate proceedings. The addition made under deemed dividend was deleted as the transactions were deemed regular business dealings, not personal benefit or indirect dividend. The Tribunal remitted the share trading and speculative transactions issues back to the AO to verify and potentially treat income under the head of capital gains. The Tribunal allowed the assessee to claim the exemption under section 54B, subject to verification by the AO. Case-Laws Income Tax Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415022