Share Trading Losses: Transactions Can't Be Deemed Not Genuine on Suspicion Alone, Requires Concrete Proof.

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....Genuineness of loss from trading of shares - The time gap involved between purchase and sale of shares is more than one year and shares were demated. In the circumstances, the transactions cannot be held as "not genuine" merely based on suspicion. Suspicion however, be strong cannot take the place of proof. - AT....