https://www.taxtmi.com/caselaws?id=782430 ITAT Delhi dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of additions arising from disallowance of losses on sale of shares. It held that the AO had inconsistently disallowed almost all loss transactions while accepting profit transactions, despite both being supported by identical documentation and recorded in the books. All transactions were disclosed in returns, including years surrounding the search, and no undisclosed income or unrecorded transaction was identified. Relying also on precedent in a group company's case affirmed by the Jurisdictional HC, ITAT found no basis to sustain the disallowance. en-us Fri, 07 Nov 2025 00:00:00 +0530 Sat, 29 Nov 2025 07:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782430 ITAT Delhi dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of additions arising from disallowance of losses on sale of shares. It held that the AO had inconsistently disallowed almost all loss transactions while accepting profit transactions, despite both being supported by identical documentation and recorded in the books. All transactions were disclosed in returns, including years surrounding the search, and no undisclosed income or unrecorded transaction was identified. Relying also on precedent in a group company's case affirmed by the Jurisdictional HC, ITAT found no basis to sustain the disallowance. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782430