https://www.taxtmi.com/caselaws?id=469260 Banking records, demat evidence and stock exchange sale documents supported the assessee's share transactions, while the Revenue relied only on a general penny-stock investigation report. As no material linked the assessee to any rigged scheme, operator network or price manipulation, and the evidence was not found defective, the additions could not be sustained. The unexplained income addition under section 68 and the estimated commission addition under section 69C were therefore not justified, and the assessee's claim of exempt long-term capital gains could not be rejected. en-us Wed, 09 Apr 2025 00:00:00 +0530 Thu, 11 Jun 2026 19:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469260 Banking records, demat evidence and stock exchange sale documents supported the assessee's share transactions, while the Revenue relied only on a general penny-stock investigation report. As no material linked the assessee to any rigged scheme, operator network or price manipulation, and the evidence was not found defective, the additions could not be sustained. The unexplained income addition under section 68 and the estimated commission addition under section 69C were therefore not justified, and the assessee's claim of exempt long-term capital gains could not be rejected. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469260