https://www.taxtmi.com/caselaws?id=424611 The Appellate Tribunal upheld the decision to disallow the business loss claimed by the assessee due to lack of evidence and discrepancies in the transactions, as highlighted by the lower authorities. Despite multiple opportunities, the assessee failed to substantiate the claimed loss on the purchase and sale of skimmed milk powder and channa, leading to the dismissal of the appeal and affirmation of the disallowance of the business loss. en-us Tue, 28 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424611 The Appellate Tribunal upheld the decision to disallow the business loss claimed by the assessee due to lack of evidence and discrepancies in the transactions, as highlighted by the lower authorities. Despite multiple opportunities, the assessee failed to substantiate the claimed loss on the purchase and sale of skimmed milk powder and channa, leading to the dismissal of the appeal and affirmation of the disallowance of the business loss. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424611