https://www.taxtmi.com/caselaws?id=284249 The Tribunal allowed the appellant's appeal, overturning the decision to treat the Short Term Capital Loss (STCL) as bogus. The Tribunal emphasized the need for concrete evidence and deemed circumstantial evidence and human probabilities insufficient to disprove the genuineness of the transactions. The appellant's documentation, including payments through account payee cheques, was considered sufficient proof of genuine transactions. The Tribunal's decision was based on a detailed discussion of similar cases and was pronounced in open court on 15/05/2019. en-us Wed, 15 May 2019 00:00:00 +0530 Fri, 08 Nov 2019 08:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284249 The Tribunal allowed the appellant's appeal, overturning the decision to treat the Short Term Capital Loss (STCL) as bogus. The Tribunal emphasized the need for concrete evidence and deemed circumstantial evidence and human probabilities insufficient to disprove the genuineness of the transactions. The appellant's documentation, including payments through account payee cheques, was considered sufficient proof of genuine transactions. The Tribunal's decision was based on a detailed discussion of similar cases and was pronounced in open court on 15/05/2019. Case-Laws Income Tax Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284249