https://www.taxtmi.com/caselaws?id=186725 The High Court of Calcutta upheld the decision of the Income Tax Appellate Tribunal, confirming the genuineness of the short-term capital loss claimed by the assessee from the sale of shares. The court found that the Assessing Officer failed to prove that the transactions were not genuine, as the assessee had provided comprehensive documentary evidence through registered share brokers, Demat accounts, and account payee cheques. The appeal filed by the Revenue was dismissed, with the court stating that no substantial question of law was involved, and the delay in filing the appeal was condoned. en-us Wed, 02 Feb 2011 00:00:00 +0530 Wed, 28 Sep 2016 16:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186725 The High Court of Calcutta upheld the decision of the Income Tax Appellate Tribunal, confirming the genuineness of the short-term capital loss claimed by the assessee from the sale of shares. The court found that the Assessing Officer failed to prove that the transactions were not genuine, as the assessee had provided comprehensive documentary evidence through registered share brokers, Demat accounts, and account payee cheques. The appeal filed by the Revenue was dismissed, with the court stating that no substantial question of law was involved, and the delay in filing the appeal was condoned. Case-Laws Income Tax Wed, 02 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186725