https://www.taxtmi.com/caselaws?id=196403 Additions treating share purchases as unexplained investment under section 69 and related short-term capital gains as bogus were found unsustainable where the assessee produced broker notes, demat records, bank details and transaction trails. The revenue failed to produce affirmative material showing any unrecorded investment or to contradict the documented transactions through enquiry with the broker or its books. Once the assessee discharged the primary evidentiary burden, the addition could not rest on suspicion or presumption. The disputed additions were deleted and the assessee's claim was accepted. en-us Thu, 04 Dec 2014 00:00:00 +0530 Wed, 29 Nov 2017 21:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196403 Additions treating share purchases as unexplained investment under section 69 and related short-term capital gains as bogus were found unsustainable where the assessee produced broker notes, demat records, bank details and transaction trails. The revenue failed to produce affirmative material showing any unrecorded investment or to contradict the documented transactions through enquiry with the broker or its books. Once the assessee discharged the primary evidentiary burden, the addition could not rest on suspicion or presumption. The disputed additions were deleted and the assessee's claim was accepted. Case-Laws Income Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196403