https://www.taxtmi.com/caselaws?id=790469 Share-sale proceeds were accepted as genuine long-term capital gains because the assessee produced allotment records, demat statements, contract notes, broker ledger and banking evidence, and the shares were sold through a registered broker on the stock exchange with securities transaction tax paid. General investigation material and the theory of human probabilities were insufficient, as there was no specific evidence linking the assessee to price manipulation, accommodation entries, or any defect in the documents. The Revenue also failed to prove any actual unexplained expenditure to support the section 69C addition. The additions under sections 68 and 69C were therefore held unsustainable, and the exemption claim was upheld. en-us Fri, 10 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790469 Share-sale proceeds were accepted as genuine long-term capital gains because the assessee produced allotment records, demat statements, contract notes, broker ledger and banking evidence, and the shares were sold through a registered broker on the stock exchange with securities transaction tax paid. General investigation material and the theory of human probabilities were insufficient, as there was no specific evidence linking the assessee to price manipulation, accommodation entries, or any defect in the documents. The Revenue also failed to prove any actual unexplained expenditure to support the section 69C addition. The additions under sections 68 and 69C were therefore held unsustainable, and the exemption claim was upheld. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790469