https://www.taxtmi.com/caselaws?id=784841 Dispute concerns alleged undisclosed income from sale of equity, futures and options and dividend receipts; the tribunal accepted that the transactions and payment of securities transaction tax were reflected in the counterpartys books and tax filings, and that the counterparty confirmed the transactions. The assessing officer did not make independent inquiries and proceeded on a preconceived view; the appellate authoritys deletion of the addition was upheld because attributing the same profits to the assessee after they were included and taxed in the counterpartys income would result in double taxation and lacked evidentiary support. en-us Tue, 23 Dec 2025 00:00:00 +0530 Fri, 09 Jan 2026 15:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784841 Dispute concerns alleged undisclosed income from sale of equity, futures and options and dividend receipts; the tribunal accepted that the transactions and payment of securities transaction tax were reflected in the counterpartys books and tax filings, and that the counterparty confirmed the transactions. The assessing officer did not make independent inquiries and proceeded on a preconceived view; the appellate authoritys deletion of the addition was upheld because attributing the same profits to the assessee after they were included and taxed in the counterpartys income would result in double taxation and lacked evidentiary support. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784841