https://www.taxtmi.com/caselaws?id=423637 The Tribunal upheld the addition of Short Term Capital Gain by the Assessing Officer, rejecting the appellant's explanations and supporting documents. The CIT(A) upheld the addition, finding no reasonable cause for non-appearance before the AO. The Tribunal allowed the appellant to submit additional evidence to substantiate profit earned from share transactions, leading to a fresh consideration by the Assessing Officer. The Tribunal dismissed the challenge to the addition of Short Term Capital Gain, stating it aligned with the grounds for reopening assessment, partially allowing the appeal for reassessment with the additional evidence. en-us Wed, 08 Jun 2022 00:00:00 +0530 Fri, 10 Jun 2022 08:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423637 The Tribunal upheld the addition of Short Term Capital Gain by the Assessing Officer, rejecting the appellant's explanations and supporting documents. The CIT(A) upheld the addition, finding no reasonable cause for non-appearance before the AO. The Tribunal allowed the appellant to submit additional evidence to substantiate profit earned from share transactions, leading to a fresh consideration by the Assessing Officer. The Tribunal dismissed the challenge to the addition of Short Term Capital Gain, stating it aligned with the grounds for reopening assessment, partially allowing the appeal for reassessment with the additional evidence. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423637