https://www.taxtmi.com/caselaws?id=793219 Sale proceeds from share transactions could not be treated as unexplained cash credit or bogus long-term capital gain where the assessee produced contract notes, demat statements and banking records showing purchase and sale through regular channels. The addition rested mainly on investigation material concerning the scrip and a third-party statement, but no material linked the assessee to price rigging, accommodation entries or other dubious conduct. A finding of non-genuineness based only on presumption and human probabilities, without direct evidence against the assessee, was therefore unsustainable. en-us Wed, 20 May 2026 00:00:00 +0530 Thu, 11 Jun 2026 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793219 Sale proceeds from share transactions could not be treated as unexplained cash credit or bogus long-term capital gain where the assessee produced contract notes, demat statements and banking records showing purchase and sale through regular channels. The addition rested mainly on investigation material concerning the scrip and a third-party statement, but no material linked the assessee to price rigging, accommodation entries or other dubious conduct. A finding of non-genuineness based only on presumption and human probabilities, without direct evidence against the assessee, was therefore unsustainable. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793219