https://www.taxtmi.com/caselaws?id=779785 ITAT held that the AO had made adequate enquiries into share transactions, which were executed through a registered broker and reflected in the assessee's demat account, and that the assessee was a regular trader rather than an isolated actor. PCIT failed to point to any evidence showing the transactions were fraudulent or accommodation entries. The Tribunal found the AO's view to be plausible and set aside the order passed u/s 263, allowing the assessee's appeal. en-us Fri, 10 Oct 2025 00:00:00 +0530 Mon, 13 Oct 2025 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779785 ITAT held that the AO had made adequate enquiries into share transactions, which were executed through a registered broker and reflected in the assessee's demat account, and that the assessee was a regular trader rather than an isolated actor. PCIT failed to point to any evidence showing the transactions were fraudulent or accommodation entries. The Tribunal found the AO's view to be plausible and set aside the order passed u/s 263, allowing the assessee's appeal. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779785