https://www.taxtmi.com/caselaws?id=792986 Share sale proceeds supported by contract notes, demat records, bank statements, broker details, and securities transaction tax payment were held not to be taxable as unexplained cash credit under section 68 where the revenue produced no cogent adverse material linking the assessee or broker to price manipulation or bogus accommodation entries, and no effective independent inquiry dislodged the documentary evidence. The related commission addition under section 69C also failed because it was only consequential to the disallowed share transaction and had no independent evidentiary basis. The result was deletion of both additions, with the commission claim falling once the primary section 68 allegation was not sustained. en-us Thu, 04 Jun 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792986 Share sale proceeds supported by contract notes, demat records, bank statements, broker details, and securities transaction tax payment were held not to be taxable as unexplained cash credit under section 68 where the revenue produced no cogent adverse material linking the assessee or broker to price manipulation or bogus accommodation entries, and no effective independent inquiry dislodged the documentary evidence. The related commission addition under section 69C also failed because it was only consequential to the disallowed share transaction and had no independent evidentiary basis. The result was deletion of both additions, with the commission claim falling once the primary section 68 allegation was not sustained. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792986