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    <title>2005 (6) TMI 206 - ITAT AMRITSAR</title>
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    <description>The Tribunal allowed the assessee&#039;s appeal, deleting the addition of Rs. 7,66,519 under section 68 for the sale of VDIS jewellery. The Tribunal emphasized the importance of evidence disclosure and opportunity for rebuttal, leading to the deletion of the addition. Additionally, the Tribunal directed the AO to provide necessary relief to the assessee following the deletion of the addition, resulting in the reduction of the long-term capital loss claimed by the assessee.</description>
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      <link>https://www.taxtmi.com/caselaws?id=57207</link>
      <description>The Tribunal allowed the assessee&#039;s appeal, deleting the addition of Rs. 7,66,519 under section 68 for the sale of VDIS jewellery. The Tribunal emphasized the importance of evidence disclosure and opportunity for rebuttal, leading to the deletion of the addition. Additionally, the Tribunal directed the AO to provide necessary relief to the assessee following the deletion of the addition, resulting in the reduction of the long-term capital loss claimed by the assessee.</description>
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