https://www.taxtmi.com/caselaws?id=773956 Share sale proceeds and related commission expenditure cannot be treated as unexplained where the taxpayer supports transactions with contract notes, broker confirmation, bank records, demat statements and financial records, and the trades occur through recognised exchange and banking channels. General investigation material, without corroborative evidence connecting the taxpayer to price rigging or a bogus accommodation arrangement, does not sustain an addition under section 68. On these facts, the taxpayer discharged the burden of proof for the claimed long-term capital gains exemption, and the additions were deleted. 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 sale proceeds and related commission expenditure cannot be treated as unexplained where the taxpayer supports transactions with contract notes, broker confirmation, bank records, demat statements and financial records, and the trades occur through recognised exchange and banking channels. General investigation material, without corroborative evidence connecting the taxpayer to price rigging or a bogus accommodation arrangement, does not sustain an addition under section 68. On these facts, the taxpayer discharged the burden of proof for the claimed long-term capital gains exemption, and the additions were deleted. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773956