https://www.taxtmi.com/caselaws?id=470218 Non-supply of an investigation report relied on to disallow claimed futures and options losses denied the assessee an effective opportunity to respond. As the internal departmental report formed the basis of the adverse action, it had to be furnished before the assessee could make submissions on it, the SEBI order, and the claimed loss. The disallowance was remitted for fresh adjudication after disclosure of the report and grant of adequate opportunity. en-us Tue, 18 Mar 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470218 Non-supply of an investigation report relied on to disallow claimed futures and options losses denied the assessee an effective opportunity to respond. As the internal departmental report formed the basis of the adverse action, it had to be furnished before the assessee could make submissions on it, the SEBI order, and the claimed loss. The disallowance was remitted for fresh adjudication after disclosure of the report and grant of adequate opportunity. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470218