https://www.taxtmi.com/caselaws?id=793941 Share-sale proceeds supported by contract notes, demat records, bank statements and broker documentation could not be treated as unexplained income under section 68 where the revenue produced no specific adverse material linking the assessee or broker to price rigging or accommodation entries. General investigation reports and suspicion were insufficient to displace primary evidence, so the section 68 addition was deleted. The consequential addition under section 69C, being a notional commission on the same transaction, also failed once the principal addition fell and no independent basis for expenditure was shown. The additions for unexplained share-sale income and unexplained expenditure were therefore set aside in favour of the assessee. en-us Tue, 23 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793941 Share-sale proceeds supported by contract notes, demat records, bank statements and broker documentation could not be treated as unexplained income under section 68 where the revenue produced no specific adverse material linking the assessee or broker to price rigging or accommodation entries. General investigation reports and suspicion were insufficient to displace primary evidence, so the section 68 addition was deleted. The consequential addition under section 69C, being a notional commission on the same transaction, also failed once the principal addition fell and no independent basis for expenditure was shown. The additions for unexplained share-sale income and unexplained expenditure were therefore set aside in favour of the assessee. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793941