https://www.taxtmi.com/caselaws?id=795216 Reassessment based on alleged entries involving capital gains, capital losses or business losses was unsustainable because the transaction was intraday share trading that generated business profit already offered to tax and did not match the alleged entry characteristics. The Tribunal treated the recorded basis for reopening as factually incorrect and deleted the addition for unexplained cash credit. The High Court regarded those findings as factual and found that no substantial question of law arose, leaving the Tribunal's decision in favour of the assessee undisturbed. en-us Mon, 13 Jul 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795216 Reassessment based on alleged entries involving capital gains, capital losses or business losses was unsustainable because the transaction was intraday share trading that generated business profit already offered to tax and did not match the alleged entry characteristics. The Tribunal treated the recorded basis for reopening as factually incorrect and deleted the addition for unexplained cash credit. The High Court regarded those findings as factual and found that no substantial question of law arose, leaving the Tribunal's decision in favour of the assessee undisturbed. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795216