https://www.taxtmi.com/caselaws?id=791850 Share-sale proceeds were held not to constitute unexplained income where the assessee produced demat statements, bank statements, contract notes, broker ledger accounts and return disclosures showing transactions through recognised stock exchange and banking channels. In the absence of any discrepancy, falsity, fabrication, price-rigging evidence, accommodation entries or cash trail, a general investigation report and abnormal price movement were found insufficient to displace the documentary trail. The addition under section 69A was therefore unsustainable, and the share-sale profit was to be assessed as claimed by the assessee, including treatment as short-term capital gain under section 111A and allowance of exemption under section 10(38), as applicable. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 18 May 2026 15:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791850 Share-sale proceeds were held not to constitute unexplained income where the assessee produced demat statements, bank statements, contract notes, broker ledger accounts and return disclosures showing transactions through recognised stock exchange and banking channels. In the absence of any discrepancy, falsity, fabrication, price-rigging evidence, accommodation entries or cash trail, a general investigation report and abnormal price movement were found insufficient to displace the documentary trail. The addition under section 69A was therefore unsustainable, and the share-sale profit was to be assessed as claimed by the assessee, including treatment as short-term capital gain under section 111A and allowance of exemption under section 10(38), as applicable. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791850