https://www.taxtmi.com/caselaws?id=785945 Primary documentary evidence of share purchase and sale, including contract notes, demat records, bank statements and broker ledgers, was sufficient to discharge the assessee's initial onus under section 68. The Revenue's reliance on abnormal price movement and trading pattern was not enough because it did not rebut the documents with cogent material or show manipulation, rigging or falsity in the transactions. As the shares were held for more than one year and sale consideration was received through banking channels, the addition treating the share-sale receipts and long-term capital gains as unexplained cash credit was unsustainable and was deleted. en-us Wed, 17 Dec 2025 00:00:00 +0530 Tue, 03 Feb 2026 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785945 Primary documentary evidence of share purchase and sale, including contract notes, demat records, bank statements and broker ledgers, was sufficient to discharge the assessee's initial onus under section 68. The Revenue's reliance on abnormal price movement and trading pattern was not enough because it did not rebut the documents with cogent material or show manipulation, rigging or falsity in the transactions. As the shares were held for more than one year and sale consideration was received through banking channels, the addition treating the share-sale receipts and long-term capital gains as unexplained cash credit was unsustainable and was deleted. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785945