https://www.taxtmi.com/caselaws?id=789261 Genuine share-trading loss supported by exchange records, demat entries and banking channels cannot be disallowed merely because the tax authority views the investment decision as commercially imprudent. The revenue failed to show that the assessee engaged in market manipulation or created an artificial loss, and reliance on the companies' book values or SEBI action against their promoters did not establish that the assessee's own transactions were bogus. The ITAT Hyderabad therefore treated the loss as a real business loss and deleted the disallowance. en-us Thu, 26 Feb 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789261 Genuine share-trading loss supported by exchange records, demat entries and banking channels cannot be disallowed merely because the tax authority views the investment decision as commercially imprudent. The revenue failed to show that the assessee engaged in market manipulation or created an artificial loss, and reliance on the companies' book values or SEBI action against their promoters did not establish that the assessee's own transactions were bogus. The ITAT Hyderabad therefore treated the loss as a real business loss and deleted the disallowance. Case-Laws Income Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789261