https://www.taxtmi.com/caselaws?id=429424 The ITAT Chennai dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the allowability of chit loss as a business loss and the deletion of addition towards unexplained credit under section 68 of the Income Tax Act. The judgment emphasized the significance of jurisprudence and the requirement for thorough evaluation of evidence in tax assessment matters. en-us Fri, 21 Oct 2022 00:00:00 +0530 Fri, 28 Oct 2022 09:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429424 The ITAT Chennai dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the allowability of chit loss as a business loss and the deletion of addition towards unexplained credit under section 68 of the Income Tax Act. The judgment emphasized the significance of jurisprudence and the requirement for thorough evaluation of evidence in tax assessment matters. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429424