https://www.taxtmi.com/caselaws?id=782724 A disallowance of short-term capital loss under section 68 could not be sustained where the revenue relied only on general SEBI and investigation material concerning manipulation in the scrip, without independent enquiry or corroborative evidence linking the assessee to accommodation entries, synchronized trading, or price rigging. The transactions were supported by contract notes, demat records, and a banking trail, and the material did not establish a direct nexus between the assessee and any sham activity. The addition was therefore deleted. en-us Tue, 12 Aug 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782724 A disallowance of short-term capital loss under section 68 could not be sustained where the revenue relied only on general SEBI and investigation material concerning manipulation in the scrip, without independent enquiry or corroborative evidence linking the assessee to accommodation entries, synchronized trading, or price rigging. The transactions were supported by contract notes, demat records, and a banking trail, and the material did not establish a direct nexus between the assessee and any sham activity. The addition was therefore deleted. Case-Laws Income Tax Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782724