Tribunal Overturns Disallowance of Trading Loss Due to Assessing Officer's Failure to Investigate Evidence Thoroughly.

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....Disallowance of loss suffered in trading of foam and fabrics -, when the Revenue had requested for examination of the evidence and such request was accepted by the Tribunal in the first round and yet AO failed to carry out investigation. Thus, this is a case of lack of investigation which vitiates the adverse conclusion drawn by the AO - AT....