https://www.taxtmi.com/article/detailed?id=8037 Where sale of listed securities is effected through the stock exchange and supported by contract notes, delivery evidence, broker records and bank cheques cleared by the drawee bank, the realised cheque carries a presumption of consideration and does not warrant treatment as an unexplained receipt. Additions based on suspicion, conjecture or probabilistic inference are legally infirm unless specific evidence of cash substitution or collusion displaces the documentary and banking indicia of a genuine transaction. en-us Thu, 21 Jun 2018 06:18:43 +0530 Thu, 21 Jun 2018 06:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8037 Where sale of listed securities is effected through the stock exchange and supported by contract notes, delivery evidence, broker records and bank cheques cleared by the drawee bank, the realised cheque carries a presumption of consideration and does not warrant treatment as an unexplained receipt. Additions based on suspicion, conjecture or probabilistic inference are legally infirm unless specific evidence of cash substitution or collusion displaces the documentary and banking indicia of a genuine transaction. Articles Income Tax Thu, 21 Jun 2018 06:18:43 +0530 https://www.taxtmi.com/article/detailed?id=8037