https://www.taxtmi.com/caselaws?id=786611 ITAT examined whether long-term capital gains from sale of penny-scrip shares were genuine or taxable as unexplained credits under Section 68 and whether an estimated commission addition under Section 69C was sustainable. Applying documentary-evidence principles, the Tribunal found contract notes, demat entries, delivery records and bank receipts sufficiently established the genuineness of purchase and sale, and held that investigatory reports alleging market manipulation required direct linking evidence to the assessee which was absent. Consequentially the Tribunal deleted additions under Sections 68 and 69C and allowed the assessee's appeal. en-us Fri, 30 Jan 2026 00:00:00 +0530 Mon, 16 Feb 2026 09:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786611 ITAT examined whether long-term capital gains from sale of penny-scrip shares were genuine or taxable as unexplained credits under Section 68 and whether an estimated commission addition under Section 69C was sustainable. Applying documentary-evidence principles, the Tribunal found contract notes, demat entries, delivery records and bank receipts sufficiently established the genuineness of purchase and sale, and held that investigatory reports alleging market manipulation required direct linking evidence to the assessee which was absent. Consequentially the Tribunal deleted additions under Sections 68 and 69C and allowed the assessee's appeal. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786611