https://www.taxtmi.com/caselaws?id=78727 The HC affirmed the Tribunal's factual findings and dismissed the Revenue's appeals, holding that documentary evidence established that the assessee purchased and sold listed-company shares at prevailing market rates and that the companies confirmed delivery. Although some transactions were off-market, the declared purchase and sale prices conformed to market rates and did not indicate sham dealings or undisclosed income. The court found no basis to treat the transactions as introducings of unaccounted money and upheld the Tribunal's conclusions. en-us Thu, 23 Sep 2010 00:00:00 +0530 Tue, 19 May 2026 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78727 The HC affirmed the Tribunal's factual findings and dismissed the Revenue's appeals, holding that documentary evidence established that the assessee purchased and sold listed-company shares at prevailing market rates and that the companies confirmed delivery. Although some transactions were off-market, the declared purchase and sale prices conformed to market rates and did not indicate sham dealings or undisclosed income. The court found no basis to treat the transactions as introducings of unaccounted money and upheld the Tribunal's conclusions. Case-Laws Income Tax Thu, 23 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78727