https://www.taxtmi.com/caselaws?id=428324 The HC dismissed the appeal, finding no substantial question of law due to the concurrent factual findings by the appellate authorities. The ITAT's decision was upheld, affirming its role as the final fact-finding authority. The delay in re-filing the appeal was condoned. The ITAT and CIT(A) validated the genuineness of sundry and static creditors, allowing the Assessee's claims. The ITAT permitted the Assessee to claim business losses from futures and options, correcting a mistake in the assessment proceedings. The tribunal's wide powers in assessing tax liability were acknowledged, and assistance to taxpayers as per Circular No. 14(XL-35) of 1955 was noted. en-us Tue, 13 Sep 2022 00:00:00 +0530 Wed, 25 Oct 2023 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428324 The HC dismissed the appeal, finding no substantial question of law due to the concurrent factual findings by the appellate authorities. The ITAT's decision was upheld, affirming its role as the final fact-finding authority. The delay in re-filing the appeal was condoned. The ITAT and CIT(A) validated the genuineness of sundry and static creditors, allowing the Assessee's claims. The ITAT permitted the Assessee to claim business losses from futures and options, correcting a mistake in the assessment proceedings. The tribunal's wide powers in assessing tax liability were acknowledged, and assistance to taxpayers as per Circular No. 14(XL-35) of 1955 was noted. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428324