https://www.taxtmi.com/caselaws?id=467564 Section 68 could not be invoked where no sum was found credited in the assessee's books and no corresponding share purchase, sale, or capital gain entry appeared in the Demat records or return. The alleged long-term capital gains from shares were unsupported by verified transaction material and rested mainly on Investigation Wing information, not on an actual credit entry in the assessee's books. As the statutory precondition for section 68 was absent, the addition was unsustainable and was deleted. en-us Mon, 11 Dec 2023 00:00:00 +0530 Tue, 24 Mar 2026 15:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467564 Section 68 could not be invoked where no sum was found credited in the assessee's books and no corresponding share purchase, sale, or capital gain entry appeared in the Demat records or return. The alleged long-term capital gains from shares were unsupported by verified transaction material and rested mainly on Investigation Wing information, not on an actual credit entry in the assessee's books. As the statutory precondition for section 68 was absent, the addition was unsustainable and was deleted. Case-Laws Income Tax Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467564