https://www.taxtmi.com/caselaws?id=421894 The Tribunal upheld the disallowance of the deduction under section 10(38) of the Income Tax Act due to insufficient evidence supporting the substantial price increase of shares and suspicion of money laundering through stock brokers. The appeal was dismissed, affirming the decision of the lower authorities based on the lack of substantiation by the assessee and detailed reasoning provided in the case. en-us Mon, 25 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 20:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421894 The Tribunal upheld the disallowance of the deduction under section 10(38) of the Income Tax Act due to insufficient evidence supporting the substantial price increase of shares and suspicion of money laundering through stock brokers. The appeal was dismissed, affirming the decision of the lower authorities based on the lack of substantiation by the assessee and detailed reasoning provided in the case. Case-Laws Income Tax Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421894