https://www.taxtmi.com/caselaws?id=790231 Addition under section 68 for share sale proceeds could not be sustained where the assessee supported the transactions with demat records, broker ledger, bank statements, contract notes, purchase invoices, share certificates and evidence of securities transaction tax. The alleged adverse third-party statement was not supplied to the assessee, no cross-examination was allowed, and the statement was later retracted, so its evidentiary value was weak. In the absence of material linking the assessee or broker to price rigging or bogus entries, the onus on the assessee was treated as discharged. The exemption claim for long-term capital gain could therefore not be denied. en-us Thu, 19 Feb 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790231 Addition under section 68 for share sale proceeds could not be sustained where the assessee supported the transactions with demat records, broker ledger, bank statements, contract notes, purchase invoices, share certificates and evidence of securities transaction tax. The alleged adverse third-party statement was not supplied to the assessee, no cross-examination was allowed, and the statement was later retracted, so its evidentiary value was weak. In the absence of material linking the assessee or broker to price rigging or bogus entries, the onus on the assessee was treated as discharged. The exemption claim for long-term capital gain could therefore not be denied. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790231