https://www.taxtmi.com/article/detailed?id=10830 Surrender statements by brokers or alleged entry operators that conflict with contemporaneous documentary evidence should be treated with due care and caution; documentary records such as contract notes, bank cheques, PAN and share transfer documentation constitute primary evidence and cannot be displaced by contrary oral statements. Tax authorities must critically examine the circumstances under which such surrenders were obtained, avoid presumptive additions based on coerced admissions, verify transactional facts (including continued listing status), and apply rules of the Indian Evidence Act to ensure a reasoned, evidence based approach before branding transactions as bogus. en-us Thu, 24 Nov 2022 10:50:01 +0530 Thu, 24 Nov 2022 10:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10830 Surrender statements by brokers or alleged entry operators that conflict with contemporaneous documentary evidence should be treated with due care and caution; documentary records such as contract notes, bank cheques, PAN and share transfer documentation constitute primary evidence and cannot be displaced by contrary oral statements. Tax authorities must critically examine the circumstances under which such surrenders were obtained, avoid presumptive additions based on coerced admissions, verify transactional facts (including continued listing status), and apply rules of the Indian Evidence Act to ensure a reasoned, evidence based approach before branding transactions as bogus. Articles Other Topics Thu, 24 Nov 2022 10:50:01 +0530 https://www.taxtmi.com/article/detailed?id=10830