https://www.taxtmi.com/caselaws?id=248494 The Tribunal upheld the CIT(A)'s decision to disallow the claimed short term capital loss of Rs. 1,65,077, as the transactions were deemed non-genuine based on the lack of share delivery, payment, and STT, coupled with the Director's admission of fraudulent billing practices. The Tribunal found no merit in the assessee's arguments and dismissed the appeal. en-us Wed, 28 May 2014 00:00:00 +0530 Sat, 14 Jun 2014 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248494 The Tribunal upheld the CIT(A)'s decision to disallow the claimed short term capital loss of Rs. 1,65,077, as the transactions were deemed non-genuine based on the lack of share delivery, payment, and STT, coupled with the Director's admission of fraudulent billing practices. The Tribunal found no merit in the assessee's arguments and dismissed the appeal. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248494