https://www.taxtmi.com/caselaws?id=789565 ITAT Ahmedabad held that where the initial acquisition of shares was not satisfactorily proved, later sale through a recognised exchange and payment of STT did not by themselves establish a genuine exempt long-term capital gain. The assessee's reliance on allotment papers, demat records and contract notes was found insufficient because the script was suspended or unlisted for the relevant period and the purchase trail remained doubtful. The addition as unexplained cash credit was therefore sustained and the exemption claim under section 10(38) was rejected. en-us Tue, 10 Mar 2026 00:00:00 +0530 Thu, 09 Apr 2026 13:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789565 ITAT Ahmedabad held that where the initial acquisition of shares was not satisfactorily proved, later sale through a recognised exchange and payment of STT did not by themselves establish a genuine exempt long-term capital gain. The assessee's reliance on allotment papers, demat records and contract notes was found insufficient because the script was suspended or unlisted for the relevant period and the purchase trail remained doubtful. The addition as unexplained cash credit was therefore sustained and the exemption claim under section 10(38) was rejected. Case-Laws Income Tax Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789565