https://www.taxtmi.com/caselaws?id=773956 Share transactions supported by contract notes, broker confirmations, bank statements and demat records, and routed through exchange and banking channels, were treated as genuine for section 68 purposes. The note states that where the revenue relied only on general investigation material and produced no specific corroborative evidence linking the assessee to price rigging or an accommodation arrangement, the onus was regarded as discharged. On that factual basis, the additions relating to sale proceeds of shares and related commission expenditure were considered unsustainable and were deleted, with the long-term capital gains exemption claim under section 10(38) accepted on the stated facts. en-us Mon, 26 May 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773956 Share transactions supported by contract notes, broker confirmations, bank statements and demat records, and routed through exchange and banking channels, were treated as genuine for section 68 purposes. The note states that where the revenue relied only on general investigation material and produced no specific corroborative evidence linking the assessee to price rigging or an accommodation arrangement, the onus was regarded as discharged. On that factual basis, the additions relating to sale proceeds of shares and related commission expenditure were considered unsustainable and were deleted, with the long-term capital gains exemption claim under section 10(38) accepted on the stated facts. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773956