https://www.taxtmi.com/caselaws?id=12772 The High Court held in favor of the assessee on both issues. It determined that the 'blank transfer' of shares constituted 'actual delivery' under section 43(5) of the Income-tax Act, 1961. Additionally, the Court ruled that the loss of Rs. 2,73,053 could be set off against the business income of the assessee. The Court clarified that actual delivery refers to real delivery, not notional, and highlighted that lack of registration in the assessee's name or dividend receipt did not impact the transaction's nature. en-us Tue, 13 Feb 2001 00:00:00 +0530 Thu, 21 May 2009 18:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12772 The High Court held in favor of the assessee on both issues. It determined that the 'blank transfer' of shares constituted 'actual delivery' under section 43(5) of the Income-tax Act, 1961. Additionally, the Court ruled that the loss of Rs. 2,73,053 could be set off against the business income of the assessee. The Court clarified that actual delivery refers to real delivery, not notional, and highlighted that lack of registration in the assessee's name or dividend receipt did not impact the transaction's nature. Case-Laws Income Tax Tue, 13 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12772