https://www.taxtmi.com/caselaws?id=789039 Additions under section 68 for share sale proceeds were unsustainable because the transactions were supported by banking records, long holding, stock exchange sale, and demat evidence, while the Revenue produced only a general investigation report without any assessee-specific linkage or independent corroboration. The consequential addition under section 69C for commission also failed because it rested entirely on the disallowed section 68 addition; once the underlying allegation of accommodation entries was not proved, no unexplained expenditure could be inferred. Both additions were deleted. en-us Wed, 25 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789039 Additions under section 68 for share sale proceeds were unsustainable because the transactions were supported by banking records, long holding, stock exchange sale, and demat evidence, while the Revenue produced only a general investigation report without any assessee-specific linkage or independent corroboration. The consequential addition under section 69C for commission also failed because it rested entirely on the disallowed section 68 addition; once the underlying allegation of accommodation entries was not proved, no unexplained expenditure could be inferred. Both additions were deleted. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789039