https://www.taxtmi.com/forum/issue?id=107824 Allegations of a sham transaction are rebutted by presenting primary transactional records - weighment slips, payment instruments, broker details, production records, freight payments and waybills - to demonstrate delivery, payment and receipt chains. Where the department relies on third party documents or diaries, the taxpayer should seek cross examination of the document holders to test authenticity and provenance; establishing consistent production and movement records and traceable payments addresses the factual basis for a sham characterization. en-us Thu, 08 Jan 2015 17:18:52 +0530 Thu, 23 Jan 2025 15:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107824 Allegations of a sham transaction are rebutted by presenting primary transactional records - weighment slips, payment instruments, broker details, production records, freight payments and waybills - to demonstrate delivery, payment and receipt chains. Where the department relies on third party documents or diaries, the taxpayer should seek cross examination of the document holders to test authenticity and provenance; establishing consistent production and movement records and traceable payments addresses the factual basis for a sham characterization. Discussion-Forum Income Tax Thu, 08 Jan 2015 17:18:52 +0530 https://www.taxtmi.com/forum/issue?id=107824