https://www.taxtmi.com/caselaws?id=439693 The Tribunal upheld the decisions of the Ld. CIT(A) in a case involving challenges by the Revenue on three issues. Firstly, the deletion of an addition on account of profit from futures and options was upheld, except for a minor amount. Secondly, the deletion of an addition on account of unexplained increase in capital was confirmed, as the capital accumulation was explained. Lastly, the deletion of an addition on account of investments in F&O and equities from unexplained sources was upheld, as the source of funds was satisfactorily explained. The Tribunal dismissed the Revenue's appeal on all three issues. en-us Fri, 16 Jun 2023 00:00:00 +0530 Fri, 30 Jun 2023 09:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439693 The Tribunal upheld the decisions of the Ld. CIT(A) in a case involving challenges by the Revenue on three issues. Firstly, the deletion of an addition on account of profit from futures and options was upheld, except for a minor amount. Secondly, the deletion of an addition on account of unexplained increase in capital was confirmed, as the capital accumulation was explained. Lastly, the deletion of an addition on account of investments in F&O and equities from unexplained sources was upheld, as the source of funds was satisfactorily explained. The Tribunal dismissed the Revenue's appeal on all three issues. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439693