https://www.taxtmi.com/caselaws?id=468688 Share-sale proceeds supported by bank statements, demat records, contract notes and allotment documents could not be treated as unexplained cash credit where the Assessing Officer failed to disprove the documents or establish sham transactions. The adverse material was also not confronted to the assessee despite a request for cross-examination, affecting the fairness of the assessment. In the absence of proof that the share dealings were bogus or part of a manipulation group, additions under section 68 and the related estimated commission addition were not sustainable. ITAT Mumbai upheld deletion of both additions. en-us Thu, 06 Feb 2025 00:00:00 +0530 Sun, 17 May 2026 09:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468688 Share-sale proceeds supported by bank statements, demat records, contract notes and allotment documents could not be treated as unexplained cash credit where the Assessing Officer failed to disprove the documents or establish sham transactions. The adverse material was also not confronted to the assessee despite a request for cross-examination, affecting the fairness of the assessment. In the absence of proof that the share dealings were bogus or part of a manipulation group, additions under section 68 and the related estimated commission addition were not sustainable. ITAT Mumbai upheld deletion of both additions. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468688