https://www.taxtmi.com/caselaws?id=791617 Documentary evidence of share transactions supported acceptance of the long-term capital gain claim and the related exemption under section 10(38), because the assessee produced contract notes, bank statements, demat records, and ledgers showing routing through registered brokers and banking channels. The Tribunal noted that the Assessing Officer had not discredited these materials with specific evidence, had not proved price manipulation or any penny stock accommodation scheme, and had relied mainly on suspicion and general information. It also followed co-ordinate Bench and jurisdictional decisions supporting genuine share transactions where a clear documentary trail exists. The addition for alleged bogus capital gain and commission was deleted and the exemption claim was accepted. en-us Wed, 01 Apr 2026 00:00:00 +0530 Thu, 14 May 2026 09:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791617 Documentary evidence of share transactions supported acceptance of the long-term capital gain claim and the related exemption under section 10(38), because the assessee produced contract notes, bank statements, demat records, and ledgers showing routing through registered brokers and banking channels. The Tribunal noted that the Assessing Officer had not discredited these materials with specific evidence, had not proved price manipulation or any penny stock accommodation scheme, and had relied mainly on suspicion and general information. It also followed co-ordinate Bench and jurisdictional decisions supporting genuine share transactions where a clear documentary trail exists. The addition for alleged bogus capital gain and commission was deleted and the exemption claim was accepted. Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791617