2019 (4) TMI 1737 - ITAT KOLKATA

Bogus loss on sale of shares - loss in trading of shares - genuine share purchase transaction - commission @ 5% addition - HELD THAT:- As relying on ADITYA VIKRAM SUREKA HUF VERSUS ITO, WARD-34 (2) , KOLKATA [2019 (1) TMI 892 - ITAT KOLKATA] Revenue has failed to pin-point any specific evidence rebutting correctness of assessee’s voluminous details regarding the share transactions in issue. Mutatis mutandis to delete the impugned business loss(es) disallowance / addition as well as commission @ 5% (supra) in these facts and circumstances.