https://www.taxtmi.com/caselaws?id=785186 Addition of income on alleged contrived commodity transactions was examined on the basis that the assessee reported profits and furnished full transaction records, contract notes, broker ledgers, contra confirmations, bank statements and books, which matched information obtained from the exchange. The assessing officer produced no independent evidence or discrepancy to prove transactions were fictitious and relied on general Investigation Wing information; the pick-and-choose treatment of parts of transactions was criticised. Consequently, the addition lacked factual and legal basis and was deleted. en-us Tue, 16 Dec 2025 00:00:00 +0530 Mon, 19 Jan 2026 07:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785186 Addition of income on alleged contrived commodity transactions was examined on the basis that the assessee reported profits and furnished full transaction records, contract notes, broker ledgers, contra confirmations, bank statements and books, which matched information obtained from the exchange. The assessing officer produced no independent evidence or discrepancy to prove transactions were fictitious and relied on general Investigation Wing information; the pick-and-choose treatment of parts of transactions was criticised. Consequently, the addition lacked factual and legal basis and was deleted. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785186