https://www.taxtmi.com/caselaws?id=282848 The Tribunal dismissed the Revenue's appeal and upheld the ld. CIT(A)'s decision in favor of the assessee company regarding the disallowance of trading loss claimed in dealing with shares of five companies. The Tribunal found that the transactions were genuine, conducted through recognized stock exchanges and online trading systems, supported by demat account records and confirmed by the stock exchange. The lack of concrete evidence backing the alleged bogus transactions led to the decision in favor of the assessee. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 27 Aug 2019 18:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282848 The Tribunal dismissed the Revenue's appeal and upheld the ld. CIT(A)'s decision in favor of the assessee company regarding the disallowance of trading loss claimed in dealing with shares of five companies. The Tribunal found that the transactions were genuine, conducted through recognized stock exchanges and online trading systems, supported by demat account records and confirmed by the stock exchange. The lack of concrete evidence backing the alleged bogus transactions led to the decision in favor of the assessee. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282848