https://www.taxtmi.com/caselaws?id=792058 Document analyses an ITAT Delhi ruling on whether share-sale long-term capital gain from Yamini Investment Company Ltd. was a genuine investment transaction or a sham accommodation entry. The Tribunal accepted the assessee's documentary trail, including allotment records, share certificates, demat entries, broker ledgers, STT evidence and bank credits, and found no direct or indirect evidence of cash exchange, collusion, price rigging or entry operations. It held that additions under section 68 could not rest on suspicion or human probability alone. As the primary bogus-gain allegation failed, the consequential commission addition under section 69C also lacked an evidentiary basis and was deleted. en-us Thu, 14 May 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792058 Document analyses an ITAT Delhi ruling on whether share-sale long-term capital gain from Yamini Investment Company Ltd. was a genuine investment transaction or a sham accommodation entry. The Tribunal accepted the assessee's documentary trail, including allotment records, share certificates, demat entries, broker ledgers, STT evidence and bank credits, and found no direct or indirect evidence of cash exchange, collusion, price rigging or entry operations. It held that additions under section 68 could not rest on suspicion or human probability alone. As the primary bogus-gain allegation failed, the consequential commission addition under section 69C also lacked an evidentiary basis and was deleted. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792058