Taxpayer's Wheat Trading Loss Deemed Genuine; Insufficient Evidence from Revenue Authorities Leads to Deletion of Additions.

Stock Loss in trading of wheat - genuine loss - CIT(A) failed to appreciate that delivery taken by the “Pakka Arhtias” in the capacity of agent of the assessee is to be construed as actual delivery taken by the assessee. - ld.Revenue authorities have failed to bring conclusive evidence for falsifying the claim of the assessee. - Additions deleted. .....

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