https://www.taxtmi.com/caselaws?id=776990 ITAT, Mumbai held that the short-term capital loss from redemption of mutual fund units is allowable. Relying on precedent and analysis of section 94(7) and relevant Supreme Court guidance, the tribunal found no direct evidence of sham or manipulation, noted that NAV reductions post-dividend are normal market behavior, and rejected generalized allegations. The assessee's regular investment pattern supported genuineness of transactions. Revenue's appeals were dismissed and the loss claim sustained. en-us Tue, 12 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 14:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776990 ITAT, Mumbai held that the short-term capital loss from redemption of mutual fund units is allowable. Relying on precedent and analysis of section 94(7) and relevant Supreme Court guidance, the tribunal found no direct evidence of sham or manipulation, noted that NAV reductions post-dividend are normal market behavior, and rejected generalized allegations. The assessee's regular investment pattern supported genuineness of transactions. Revenue's appeals were dismissed and the loss claim sustained. Case-Laws Income Tax Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776990