https://www.taxtmi.com/caselaws?id=267025 The Tribunal allowed the appeal in favor of the assessee, holding that the assessee had proven the genuineness of the purchase and sale of shares. The Tribunal found no basis to doubt the transactions as sham or bogus, given the shares were held in the Demat account since 2003 and the transactions were reflected in the balance sheet. Consequently, the addition of Rs. 48,59,131/- as income from undisclosed sources was deleted. en-us Wed, 16 Sep 2015 00:00:00 +0530 Thu, 29 Oct 2015 06:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267025 The Tribunal allowed the appeal in favor of the assessee, holding that the assessee had proven the genuineness of the purchase and sale of shares. The Tribunal found no basis to doubt the transactions as sham or bogus, given the shares were held in the Demat account since 2003 and the transactions were reflected in the balance sheet. Consequently, the addition of Rs. 48,59,131/- as income from undisclosed sources was deleted. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267025