https://www.taxtmi.com/caselaws?id=784608 Whether the claimed purchase and sale of shares were genuine, including whether delivery was taken/given, was decided against the assessee. The Tribunal held that the contract notes relied upon were not credible because key particulars (distinctive numbers) were handwritten without authentication, and such particulars were not reflected in earlier orders, undermining evidentiary reliability; consequently, delivery and execution of share transactions were not proved. The Tribunal further found the transactions lacked commercial normalcy as funds were remitted long after the alleged purchases, contrary to standard brokerage practice requiring prompt/advance payment, indicating non-genuine dealings. The appellate order sustaining the addition was affirmed and the appeal was dismissed. en-us Mon, 05 Jan 2026 00:00:00 +0530 Thu, 08 Jan 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784608 Whether the claimed purchase and sale of shares were genuine, including whether delivery was taken/given, was decided against the assessee. The Tribunal held that the contract notes relied upon were not credible because key particulars (distinctive numbers) were handwritten without authentication, and such particulars were not reflected in earlier orders, undermining evidentiary reliability; consequently, delivery and execution of share transactions were not proved. The Tribunal further found the transactions lacked commercial normalcy as funds were remitted long after the alleged purchases, contrary to standard brokerage practice requiring prompt/advance payment, indicating non-genuine dealings. The appellate order sustaining the addition was affirmed and the appeal was dismissed. Case-Laws Income Tax Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784608