https://www.taxtmi.com/caselaws?id=800324 Profits from disclosed BSE futures and options transactions cannot be treated as unexplained cash credits where financial statements record them as operational revenue and contract notes, tax records, bank statements, annual accounts, transaction statements and confirmations establish their genuineness. The absence of evidence that brokers or counterparties were tainted, or that profit-making trades were pre-arranged, distinguishes such transactions from artificial loss arrangements involving reversal trades. On the preponderance of probabilities, the transactions were genuine; therefore, the cash-credit addition and the consequential alleged commission-expenditure addition were deleted. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800324 Profits from disclosed BSE futures and options transactions cannot be treated as unexplained cash credits where financial statements record them as operational revenue and contract notes, tax records, bank statements, annual accounts, transaction statements and confirmations establish their genuineness. The absence of evidence that brokers or counterparties were tainted, or that profit-making trades were pre-arranged, distinguishes such transactions from artificial loss arrangements involving reversal trades. On the preponderance of probabilities, the transactions were genuine; therefore, the cash-credit addition and the consequential alleged commission-expenditure addition were deleted. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800324