https://www.taxtmi.com/caselaws?id=468751 Genuine share-sale transactions supported by banking payments, dematerialisation records, stock exchange delivery and receipt of sale proceeds cannot be treated as unexplained income merely because the scrip was generally linked to alleged penny stock manipulation. A general investigation report, without specific material connecting the assessee to any rigging or sham arrangement and without discrediting the documentary trail, is insufficient to deny the capital gains claim or treat the gains as unexplained money. The addition was deleted. en-us Thu, 06 Feb 2025 00:00:00 +0530 Tue, 19 May 2026 18:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468751 Genuine share-sale transactions supported by banking payments, dematerialisation records, stock exchange delivery and receipt of sale proceeds cannot be treated as unexplained income merely because the scrip was generally linked to alleged penny stock manipulation. A general investigation report, without specific material connecting the assessee to any rigging or sham arrangement and without discrediting the documentary trail, is insufficient to deny the capital gains claim or treat the gains as unexplained money. The addition was deleted. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468751