https://www.taxtmi.com/caselaws?id=469180 Share-trading loss was held genuine where transactions were executed through the stock exchange, payments were routed through banking channels, and neither the assessee nor its broker appeared in the investigation material. The Tribunal found no basis to infer participation in a colourable penny stock scheme merely because other market operators were alleged to have manipulated prices elsewhere. As the facts were materially different from cases involving off-market dealings or broker admissions, the loss was treated as arising in the regular course of business and was allowable for set-off against business income. en-us Wed, 05 Jun 2024 00:00:00 +0530 Mon, 08 Jun 2026 16:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469180 Share-trading loss was held genuine where transactions were executed through the stock exchange, payments were routed through banking channels, and neither the assessee nor its broker appeared in the investigation material. The Tribunal found no basis to infer participation in a colourable penny stock scheme merely because other market operators were alleged to have manipulated prices elsewhere. As the facts were materially different from cases involving off-market dealings or broker admissions, the loss was treated as arising in the regular course of business and was allowable for set-off against business income. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469180