{"id":58095,"date":"2026-01-10T09:49:42","date_gmt":"2026-01-10T04:19:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-bhupendra-champaklal-delal-2024-160-taxmann-com-560-bom-hc\/"},"modified":"2026-01-10T09:49:42","modified_gmt":"2026-01-10T04:19:42","slug":"pcit-v-bhupendra-champaklal-delal-2024-160-taxmann-com-560-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-bhupendra-champaklal-delal-2024-160-taxmann-com-560-bom-hc\/","title":{"rendered":"PCIT, v. Bhupendra Champaklal Delal [2024] 160 taxmann.com 560 (Bom.)(HC)"},"content":{"rendered":"<p>Disallowance of losses from share transactions as bogus <em>&#8216;negative brokerage&#8217;<\/em> under section 28(i) was unjustified when the Assessing Officer failed to examine the supporting contract notes, which were in the department\u2019s own custody. (AY. 1988-89)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss-Share transactions-The Assessing Officer failed to examine the supporting contract notes, which were in the department\u2019s own custody-Order of Tribunal affirmed.[S. 260A]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-58095","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f71","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58095"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58095\/revisions"}],"predecessor-version":[{"id":58096,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58095\/revisions\/58096"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}