https://www.taxtmi.com/caselaws?id=774233 ITAT Delhi allowed the appeal regarding disallowance of short-term capital loss on share sale. The tribunal held that oral agreements between family members reflected in transactions should be given equal credibility and cannot be doubted unless disputed by parties. ROC record discrepancies alone cannot justify treating share sale transactions as sham when consideration movement is accepted by tax authorities. The onus lies on Revenue to prove apparent transactions are not real, rather than on assessee to prove authenticity of documented share sales with consideration movement. Suspicion cannot replace evidence supporting assessee's claim. en-us Wed, 25 Jun 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774233 ITAT Delhi allowed the appeal regarding disallowance of short-term capital loss on share sale. The tribunal held that oral agreements between family members reflected in transactions should be given equal credibility and cannot be doubted unless disputed by parties. ROC record discrepancies alone cannot justify treating share sale transactions as sham when consideration movement is accepted by tax authorities. The onus lies on Revenue to prove apparent transactions are not real, rather than on assessee to prove authenticity of documented share sales with consideration movement. Suspicion cannot replace evidence supporting assessee's claim. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774233