https://www.taxtmi.com/caselaws?id=466678 Documentary proof of purchase, dematerialisation, contract notes, STT payment and bank settlement suffices to discharge the assessee's initial onus, and in absence of tangible material linking the assessee to rigging or accommodation entries a claim to long term capital gains exemption under section 10(38) cannot be rejected and additions under unexplained cash credit cannot be sustained; similarly, a consequential notional commission addition is unsustainable where no evidence identifies payee(s) or proves expenditure was incurred, and the assessing officer must first establish such expenditure. Both additions were deleted and the exemption accepted. en-us Wed, 14 May 2025 00:00:00 +0530 Mon, 16 Feb 2026 20:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466678 Documentary proof of purchase, dematerialisation, contract notes, STT payment and bank settlement suffices to discharge the assessee's initial onus, and in absence of tangible material linking the assessee to rigging or accommodation entries a claim to long term capital gains exemption under section 10(38) cannot be rejected and additions under unexplained cash credit cannot be sustained; similarly, a consequential notional commission addition is unsustainable where no evidence identifies payee(s) or proves expenditure was incurred, and the assessing officer must first establish such expenditure. Both additions were deleted and the exemption accepted. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466678