https://www.taxtmi.com/caselaws?id=469185 Share trading losses were treated as genuine where the assessee produced contract notes, demat statements, bank records and proof of STT, and the trades were routed through recognised exchange mechanisms. General investigation material about manipulation in the relevant scrips was insufficient to disallow the loss without independent evidence linking the assessee to price rigging or accommodation entries. In the absence of any SEBI finding or other direct nexus evidence, the addition was founded on suspicion rather than proof. The loss was accepted as bona fide, and the disallowance in the Revenue's appeal was deleted. en-us Wed, 15 Apr 2026 00:00:00 +0530 Mon, 08 Jun 2026 17:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469185 Share trading losses were treated as genuine where the assessee produced contract notes, demat statements, bank records and proof of STT, and the trades were routed through recognised exchange mechanisms. General investigation material about manipulation in the relevant scrips was insufficient to disallow the loss without independent evidence linking the assessee to price rigging or accommodation entries. In the absence of any SEBI finding or other direct nexus evidence, the addition was founded on suspicion rather than proof. The loss was accepted as bona fide, and the disallowance in the Revenue's appeal was deleted. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469185