https://www.taxtmi.com/caselaws?id=307291 The ITAT Delhi allowed the Revenue's appeal in both issues, emphasizing the lack of genuineness in the transactions involving the sale of shares of M/s Pioneer Ltd. and M/s Solaris Holdings Ltd. The judgment highlighted the need to consider surrounding circumstances and human probabilities to determine the reality of transactions, ultimately upholding the AO's disallowance of losses claimed by the assessee. en-us Wed, 29 Jul 2015 00:00:00 +0530 Tue, 04 Apr 2023 20:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307291 The ITAT Delhi allowed the Revenue's appeal in both issues, emphasizing the lack of genuineness in the transactions involving the sale of shares of M/s Pioneer Ltd. and M/s Solaris Holdings Ltd. The judgment highlighted the need to consider surrounding circumstances and human probabilities to determine the reality of transactions, ultimately upholding the AO's disallowance of losses claimed by the assessee. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307291