https://www.taxtmi.com/caselaws?id=269078 Sale proceeds of shares recorded in the assessee's books could not be added as unexplained cash credit where the earlier share investment had already been accepted by the Revenue and the Assessing Officer relied mainly on Investigation Wing information without disproving the purchase or sale entries. Section 68 was held inapplicable on these facts, and taxing the same receipts again would amount to double addition. The deletion of the addition was therefore sustained. en-us Wed, 07 Oct 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269078 Sale proceeds of shares recorded in the assessee's books could not be added as unexplained cash credit where the earlier share investment had already been accepted by the Revenue and the Assessing Officer relied mainly on Investigation Wing information without disproving the purchase or sale entries. Section 68 was held inapplicable on these facts, and taxing the same receipts again would amount to double addition. The deletion of the addition was therefore sustained. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269078