https://www.taxtmi.com/caselaws?id=468551 Supported share transactions evidenced by demat records, banking channels and contract-linked dealings cannot be treated as unexplained income or bogus accommodation entries merely because of an alleged penny-stock pattern, abnormal price movement, or a general investigation report. The text states that, where the holding period supports long-term capital gain and the Revenue does not produce independent inquiry or specific material linking the assessee to price manipulation, exit providers, or sham dealings, the assessee's evidence prevails. On that basis, the additions under section 68 and the related commission disallowance under section 69C were deleted. en-us Thu, 14 Aug 2025 00:00:00 +0530 Tue, 12 May 2026 13:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468551 Supported share transactions evidenced by demat records, banking channels and contract-linked dealings cannot be treated as unexplained income or bogus accommodation entries merely because of an alleged penny-stock pattern, abnormal price movement, or a general investigation report. The text states that, where the holding period supports long-term capital gain and the Revenue does not produce independent inquiry or specific material linking the assessee to price manipulation, exit providers, or sham dealings, the assessee's evidence prevails. On that basis, the additions under section 68 and the related commission disallowance under section 69C were deleted. Case-Laws Income Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468551