https://www.taxtmi.com/caselaws?id=427527 The Tribunal allowed the appeal, deleting the disallowance of Rs.12.64 crores and upholding the assessee's claim for the trading loss. The Tribunal found that the Assessing Officer failed to provide adequate evidence to demonstrate that the transactions were non-genuine or manipulated. Additionally, the Tribunal noted that similar disallowances in previous and subsequent years were either overturned or accepted, supporting the genuineness of the transactions in question. en-us Wed, 07 Sep 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427527 The Tribunal allowed the appeal, deleting the disallowance of Rs.12.64 crores and upholding the assessee's claim for the trading loss. The Tribunal found that the Assessing Officer failed to provide adequate evidence to demonstrate that the transactions were non-genuine or manipulated. Additionally, the Tribunal noted that similar disallowances in previous and subsequent years were either overturned or accepted, supporting the genuineness of the transactions in question. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427527