https://www.taxtmi.com/caselaws?id=469646 Long-term capital gain from share sales was accepted as genuine where the assessee supported the transactions with contract notes, demat statements, bank statements and broker ledgers showing purchases and sales through recognised stock exchange channels. The Revenue relied on investigation reports and broad allegations of penny stock manipulation, but did not produce specific material linking the assessee's transactions to cash recycling or examine alleged entry providers on oath in relation to those transactions. On these facts, the primary onus was held to have been discharged and the documentary evidence was not rebutted by cogent contrary material, so the additions under section 68 and section 69C as unexplained cash credit and commission expenditure were deleted. en-us Fri, 05 Dec 2025 00:00:00 +0530 Thu, 25 Jun 2026 18:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469646 Long-term capital gain from share sales was accepted as genuine where the assessee supported the transactions with contract notes, demat statements, bank statements and broker ledgers showing purchases and sales through recognised stock exchange channels. The Revenue relied on investigation reports and broad allegations of penny stock manipulation, but did not produce specific material linking the assessee's transactions to cash recycling or examine alleged entry providers on oath in relation to those transactions. On these facts, the primary onus was held to have been discharged and the documentary evidence was not rebutted by cogent contrary material, so the additions under section 68 and section 69C as unexplained cash credit and commission expenditure were deleted. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469646