https://www.taxtmi.com/caselaws?id=392531 The Tribunal ruled in favor of the appellant, overturning the decision of the lower authorities to disallow the claim for set off of loss in trading transactions involving the sale of shares. The Tribunal emphasized the necessity of concrete evidence over mere suspicion in assessing the legitimacy of such transactions. It was highlighted that the appellant had conducted the transactions through a registered broker, shares were dematerialized, and the time gap between purchase and sale exceeded a year, indicating genuine trading activity. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sat, 22 Feb 2020 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392531 The Tribunal ruled in favor of the appellant, overturning the decision of the lower authorities to disallow the claim for set off of loss in trading transactions involving the sale of shares. The Tribunal emphasized the necessity of concrete evidence over mere suspicion in assessing the legitimacy of such transactions. It was highlighted that the appellant had conducted the transactions through a registered broker, shares were dematerialized, and the time gap between purchase and sale exceeded a year, indicating genuine trading activity. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392531