https://www.taxtmi.com/caselaws?id=791015 Contemporaneous documentary evidence, including share acquisition records, demat credit, exchange-based sale, SEBI-registered brokers and banking channels, is treated as strong support for the genuineness of long-term share transactions. A general investigation report or a penny stock allegation, without independent corroboration or defects in the assessee's records, is insufficient to deny exemption under section 10(38) or to sustain an addition under section 68. Once the share transaction is accepted as genuine, any consequential allegation of accommodation-entry commission also fails for want of an independent . The text emphasises that later suspension of trading does not by itself invalidate earlier completed transactions. en-us Wed, 25 Mar 2026 00:00:00 +0530 Tue, 05 May 2026 09:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791015 Contemporaneous documentary evidence, including share acquisition records, demat credit, exchange-based sale, SEBI-registered brokers and banking channels, is treated as strong support for the genuineness of long-term share transactions. A general investigation report or a penny stock allegation, without independent corroboration or defects in the assessee's records, is insufficient to deny exemption under section 10(38) or to sustain an addition under section 68. Once the share transaction is accepted as genuine, any consequential allegation of accommodation-entry commission also fails for want of an independent . The text emphasises that later suspension of trading does not by itself invalidate earlier completed transactions. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791015