https://www.taxtmi.com/caselaws?id=778015 ITAT allowed the appeal, deleting addition u/s 69 relating to FDR in the NRE account for lack of evidence and because share acquisition costs shown in companies' books remained unchanged. The Tribunal held the AO had not invoked ss.56, 50D or 55A nor properly inquired into transactions, so denial of capital loss was unjustified and was therefore reinstated. The Tribunal also directed refund of excess TDS, finding the assessee entitled to relief under s.237 even though no original return under s.139 was filed, and instructed the AO to refund TDS excess. en-us Thu, 28 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778015 ITAT allowed the appeal, deleting addition u/s 69 relating to FDR in the NRE account for lack of evidence and because share acquisition costs shown in companies' books remained unchanged. The Tribunal held the AO had not invoked ss.56, 50D or 55A nor properly inquired into transactions, so denial of capital loss was unjustified and was therefore reinstated. The Tribunal also directed refund of excess TDS, finding the assessee entitled to relief under s.237 even though no original return under s.139 was filed, and instructed the AO to refund TDS excess. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778015