https://www.taxtmi.com/caselaws?id=785368 Addition under section 68 challenged as bogus short-term capital loss on shares; the tribunal found the transactions to be pre-arranged accommodation entries and treated the assessee as a conduit, holding that principal amounts did not constitute real income while only the embedded commission represented taxable income. Applying the conduit transaction principle and in absence of reliable evidence of exact commission, the tribunal directed the assessing officer to compute the addition by applying a 2% commission rate on the aggregate value of the non-genuine share transactions; grounds partly allowed. en-us Mon, 19 Jan 2026 00:00:00 +0530 Thu, 22 Jan 2026 08:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785368 Addition under section 68 challenged as bogus short-term capital loss on shares; the tribunal found the transactions to be pre-arranged accommodation entries and treated the assessee as a conduit, holding that principal amounts did not constitute real income while only the embedded commission represented taxable income. Applying the conduit transaction principle and in absence of reliable evidence of exact commission, the tribunal directed the assessing officer to compute the addition by applying a 2% commission rate on the aggregate value of the non-genuine share transactions; grounds partly allowed. Case-Laws Income Tax Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785368