ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68:

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

The ITAT Delhi holds that a genuine business loss arising from the sale of listed shares cannot be converted into unexplained cash credit merely because of suspicion.

ITAT Deletes Addition After Holding that Share Trading Loss Supported by Demat Records

authorSaimadateJul 9, 2026
Last update on Jul 9, 2026
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ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

The ITAT Delhi holds that a genuine business loss arising from the sale of listed shares cannot be converted into unexplained cash credit merely because of suspicion.

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Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
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