https://www.taxtmi.com/caselaws?id=15108 Calcutta HC upheld a loss claim on sale of shares, finding the purchase (contract date 15/12/83; shares received 11/1/84) and sale (sold 18/1/84; payment received 24/1/84) occurred on different dates and were genuine. The court rejected Revenue's suspicion arising from broker non-appearance, noting broker involvement is normal and payments were by account-payee cheque and undisputed. The Tribunal's acceptance of the assessee's claim was affirmed, ruling in favour of the assessee and against the Revenue. en-us Tue, 14 Mar 2000 00:00:00 +0530 Wed, 08 Oct 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15108 Calcutta HC upheld a loss claim on sale of shares, finding the purchase (contract date 15/12/83; shares received 11/1/84) and sale (sold 18/1/84; payment received 24/1/84) occurred on different dates and were genuine. The court rejected Revenue's suspicion arising from broker non-appearance, noting broker involvement is normal and payments were by account-payee cheque and undisputed. The Tribunal's acceptance of the assessee's claim was affirmed, ruling in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 14 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15108