Duly executed Transaction in shares cannot be treated as Bogus

It is seen that it is undisputed and uncontroverted that (a) the shares have been purchased against the payment (again supported by the contract notes); (b) such shares have been found to be credited into the DEMAT account of the assessee; (c) on sale of such shares there were debited from the DEMAT account of the assessee; (d) the assessee has received payment against the sale of such shares through banking channel and (e) the transaction of sale on the floor of BSE is found to be genuine and confirmed by the BSE. I fail to understand that when the shares were found to be credited and debited...