https://www.taxtmi.com/caselaws?id=425458 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT (A)'s decision regarding the treatment of unexplained income and the prohibition of set off of losses against income for the assessment year 2015-16. The Tribunal relied on the CBDT Circular No.11/2019 and various case laws supporting the allowance of set off of losses against income till the assessment year 2016-17. The Revenue's appeal was dismissed based on the Tribunal's findings and acknowledgment by the Revenue's representative of the correctness of the ld. CIT (A)'s decision. en-us Thu, 21 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 09:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425458 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT (A)'s decision regarding the treatment of unexplained income and the prohibition of set off of losses against income for the assessment year 2015-16. The Tribunal relied on the CBDT Circular No.11/2019 and various case laws supporting the allowance of set off of losses against income till the assessment year 2016-17. The Revenue's appeal was dismissed based on the Tribunal's findings and acknowledgment by the Revenue's representative of the correctness of the ld. CIT (A)'s decision. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425458