https://www.taxtmi.com/caselaws?id=786663 Addition under the Unexplained Cash Credit head was held unsustainable where the assessee produced demat records, contract notes, bank statements and broker confirmations and the Revenue failed to produce cogent material to discredit those documents or establish nexus with alleged accommodation entry operators. Investigatory reports and characterization of the scrip as a penny stock, without independent enquiries or specific SEBI findings against the assessee or broker, were found insufficient to negate the documentary proof of genuine exchange-traded transactions through banking channels; the addition was deleted and the assessee's grounds allowed. en-us Fri, 13 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786663 Addition under the Unexplained Cash Credit head was held unsustainable where the assessee produced demat records, contract notes, bank statements and broker confirmations and the Revenue failed to produce cogent material to discredit those documents or establish nexus with alleged accommodation entry operators. Investigatory reports and characterization of the scrip as a penny stock, without independent enquiries or specific SEBI findings against the assessee or broker, were found insufficient to negate the documentary proof of genuine exchange-traded transactions through banking channels; the addition was deleted and the assessee's grounds allowed. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786663