https://www.taxtmi.com/caselaws?id=13241 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions, allowing the share loss claims and interest on loan for the purchase of a flat. It found the share transactions genuine despite lack of physical delivery, emphasizing trading results should not be disturbed based on probabilities. The investment in the flat was deemed legitimate, with tax planning to reduce tax burden not considered an offense if compliant with tax laws. The appeal was dismissed, affirming the decisions based on evidence and legal precedents cited, with no interference in the impugned order. en-us Wed, 27 Dec 2006 00:00:00 +0530 Wed, 27 May 2009 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13241 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions, allowing the share loss claims and interest on loan for the purchase of a flat. It found the share transactions genuine despite lack of physical delivery, emphasizing trading results should not be disturbed based on probabilities. The investment in the flat was deemed legitimate, with tax planning to reduce tax burden not considered an offense if compliant with tax laws. The appeal was dismissed, affirming the decisions based on evidence and legal precedents cited, with no interference in the impugned order. Case-Laws Income Tax Wed, 27 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13241