https://www.taxtmi.com/caselaws?id=791025 A claim of exempt long-term capital gain from sale of shares was rejected because the purchase records were inconsistent, the broker was found non-existent at the stated address, and the surrounding facts indicated fabrication and an accommodation entry arrangement; the assessee failed to prove genuineness, so the addition was sustained. An objection that the addition was made under the wrong charging provision was treated as only technical and did not invalidate an otherwise sustainable assessment where the substantive ingredients were met. The issue relating to loans as unexplained cash credits was remanded for fresh adjudication because additional lender records, including returns, balance sheets and bank statements, had been produced. en-us Tue, 28 Apr 2026 00:00:00 +0530 Tue, 05 May 2026 09:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791025 A claim of exempt long-term capital gain from sale of shares was rejected because the purchase records were inconsistent, the broker was found non-existent at the stated address, and the surrounding facts indicated fabrication and an accommodation entry arrangement; the assessee failed to prove genuineness, so the addition was sustained. An objection that the addition was made under the wrong charging provision was treated as only technical and did not invalidate an otherwise sustainable assessment where the substantive ingredients were met. The issue relating to loans as unexplained cash credits was remanded for fresh adjudication because additional lender records, including returns, balance sheets and bank statements, had been produced. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791025