https://www.taxtmi.com/caselaws?id=426144 The tribunal allowed the assessee's appeal in part, finding that the Principal Commissioner of Income Tax exceeded jurisdiction by including derivative losses beyond the scope of limited scrutiny. However, the tribunal upheld the lack of verification of investments in unquoted equity shares and unsecured loans/advances, directing the Assessing Officer to re-examine these investments based on the assessee's explanations. The order was pronounced on August 5, 2022. en-us Fri, 05 Aug 2022 00:00:00 +0530 Tue, 09 Aug 2022 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426144 The tribunal allowed the assessee's appeal in part, finding that the Principal Commissioner of Income Tax exceeded jurisdiction by including derivative losses beyond the scope of limited scrutiny. However, the tribunal upheld the lack of verification of investments in unquoted equity shares and unsecured loans/advances, directing the Assessing Officer to re-examine these investments based on the assessee's explanations. The order was pronounced on August 5, 2022. Case-Laws Income Tax Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426144