https://www.taxtmi.com/caselaws?id=426942 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 3,56,52,420 made by the assessing officer under section 145 of the Income Tax Act for the Assessment Year 2014-15. The Tribunal found the rejection of trading results unjustified, noting the consistent trading pattern, lack of malpractice, and proper record-keeping by the assessee. The Revenue's appeal was dismissed, emphasizing the importance of considering all relevant factual aspects before making adjustments to declared results. en-us Tue, 02 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426942 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 3,56,52,420 made by the assessing officer under section 145 of the Income Tax Act for the Assessment Year 2014-15. The Tribunal found the rejection of trading results unjustified, noting the consistent trading pattern, lack of malpractice, and proper record-keeping by the assessee. The Revenue's appeal was dismissed, emphasizing the importance of considering all relevant factual aspects before making adjustments to declared results. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426942