https://www.taxtmi.com/caselaws?id=788415 Whether capital gains exempt under section 10(38) can be recharacterised as unexplained cash credit under section 68 and attract commission additions was considered. The taxpayer produced broker contract notes, demat records, exchange sale evidence, banking settlement and transaction-tax payments; the assessing officer relied on an investigation report and price-movement suspicions without independent inquiry or identifying documentary defects. Applying precedents, the article concludes that exchange-executed trades supported by documentary and banking evidence cannot be treated as unexplained cash credit on mere suspicion; the additions and commission were therefore deleted. en-us Fri, 06 Feb 2026 00:00:00 +0530 Sat, 21 Mar 2026 08:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788415 Whether capital gains exempt under section 10(38) can be recharacterised as unexplained cash credit under section 68 and attract commission additions was considered. The taxpayer produced broker contract notes, demat records, exchange sale evidence, banking settlement and transaction-tax payments; the assessing officer relied on an investigation report and price-movement suspicions without independent inquiry or identifying documentary defects. Applying precedents, the article concludes that exchange-executed trades supported by documentary and banking evidence cannot be treated as unexplained cash credit on mere suspicion; the additions and commission were therefore deleted. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788415