https://www.taxtmi.com/caselaws?id=793650 Derivative loss from currency futures and options was treated as non-genuine where investigation material, SEBI findings, broker statement, and trading patterns indicated a pre-meditated arrangement rather than bona fide business trades; the deletion of the disallowance was therefore not justified and the Revenue's addition was restored. Cash deposits during demonetisation were also held unexplained where the assessee failed to substantiate the source and genuineness of the deposits with supporting purchase evidence, and the first appellate relief rested mainly on case law rather than the factual record; the addition was likewise restored in favour of the Revenue. en-us Wed, 10 Jun 2026 00:00:00 +0530 Sat, 20 Jun 2026 08:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793650 Derivative loss from currency futures and options was treated as non-genuine where investigation material, SEBI findings, broker statement, and trading patterns indicated a pre-meditated arrangement rather than bona fide business trades; the deletion of the disallowance was therefore not justified and the Revenue's addition was restored. Cash deposits during demonetisation were also held unexplained where the assessee failed to substantiate the source and genuineness of the deposits with supporting purchase evidence, and the first appellate relief rested mainly on case law rather than the factual record; the addition was likewise restored in favour of the Revenue. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793650