https://www.taxtmi.com/caselaws?id=470605 Client code modification allegations require cogent material linking the taxpayer to a non-genuine transaction and escapement of income; general investigation information creates only a reason to suspect. The notes state that the recorded reassessment reasons omitted the allegedly modified client code and relevant scrip, while SEBI material showed that the named broker had ceased trading before the relevant year. On that basis, the alleged artificial-loss addition was deleted because the transaction through that broker was untenable and lacked a material nexus to escaped income. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 31 Jul 2026 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470605 Client code modification allegations require cogent material linking the taxpayer to a non-genuine transaction and escapement of income; general investigation information creates only a reason to suspect. The notes state that the recorded reassessment reasons omitted the allegedly modified client code and relevant scrip, while SEBI material showed that the named broker had ceased trading before the relevant year. On that basis, the alleged artificial-loss addition was deleted because the transaction through that broker was untenable and lacked a material nexus to escaped income. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470605