https://www.taxtmi.com/caselaws?id=365036 Addition under unexplained income allegation challenged the claim of exempt long term capital gain where holding and sale of shares were undisputed. The tribunal emphasised that mere suspicion without material showing the assessee introduced unaccounted funds as capital gain cannot sustain an addition; therefore the addition was deleted. The tribunal further found denial of a meaningful opportunity to cross-examine investigating witnesses and reliance on vague witness statements and broker confirmations given late in proceedings undermined the assessment, leading to deletion of the disputed addition in favour of the assessee. en-us Mon, 16 Jul 2018 00:00:00 +0530 Sat, 24 Jan 2026 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365036 Addition under unexplained income allegation challenged the claim of exempt long term capital gain where holding and sale of shares were undisputed. The tribunal emphasised that mere suspicion without material showing the assessee introduced unaccounted funds as capital gain cannot sustain an addition; therefore the addition was deleted. The tribunal further found denial of a meaningful opportunity to cross-examine investigating witnesses and reliance on vague witness statements and broker confirmations given late in proceedings undermined the assessment, leading to deletion of the disputed addition in favour of the assessee. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365036