https://www.taxtmi.com/caselaws?id=468584 Documented share transactions supported by demat records, stock exchange sale, banking-channel receipts and purchase-sale papers could not be rejected as unexplained cash credit merely on suspicion, an investigation report, alleged abnormal price movement, or a general penny-stock theory without specific adverse material linking the assessee to an accommodation-entry scheme. On that basis, the section 68 addition was deleted and the long-term capital gain claim was accepted for the appeal. The consequential commission addition under section 69C also failed because it was purely derivative of the disallowed gain and was unsupported by independent evidence of actual payment or arrangement. en-us Thu, 11 Sep 2025 00:00:00 +0530 Wed, 13 May 2026 21:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468584 Documented share transactions supported by demat records, stock exchange sale, banking-channel receipts and purchase-sale papers could not be rejected as unexplained cash credit merely on suspicion, an investigation report, alleged abnormal price movement, or a general penny-stock theory without specific adverse material linking the assessee to an accommodation-entry scheme. On that basis, the section 68 addition was deleted and the long-term capital gain claim was accepted for the appeal. The consequential commission addition under section 69C also failed because it was purely derivative of the disallowed gain and was unsupported by independent evidence of actual payment or arrangement. Case-Laws Income Tax Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468584