https://www.taxtmi.com/caselaws?id=795940 Bogus share trading loss was disallowed because the taxpayer neither substantiated the claimed loss with documents nor appeared before the Assessing Officer. The High Court treated the Tribunal's deletion of the disallowance as perverse, finding that its reliance on retraction of an oath statement and its conclusion on cross-examination ignored material factual deficiencies and reflected non-application of mind. The Supreme Court condoned delay and dismissed the Special Leave Petition, finding no ground to interfere with the High Court's order. en-us Mon, 27 Jul 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795940 Bogus share trading loss was disallowed because the taxpayer neither substantiated the claimed loss with documents nor appeared before the Assessing Officer. The High Court treated the Tribunal's deletion of the disallowance as perverse, finding that its reliance on retraction of an oath statement and its conclusion on cross-examination ignored material factual deficiencies and reflected non-application of mind. The Supreme Court condoned delay and dismissed the Special Leave Petition, finding no ground to interfere with the High Court's order. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795940