https://www.taxtmi.com/caselaws?id=795014 Long-term capital gains from shares acquired years before sale, sold through the stock exchange, and supported by Securities Transaction Tax could not be treated as unexplained cash credit merely on general allegations that the scrip was a penny stock. No material specifically linked the assessee or broker to price manipulation or established that the transactions were non-genuine. The appellate authorities' concurrent factual findings deleting the addition were neither perverse nor legally unsustainable; consequently, no substantial question of law arose under Section 68. en-us Mon, 06 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795014 Long-term capital gains from shares acquired years before sale, sold through the stock exchange, and supported by Securities Transaction Tax could not be treated as unexplained cash credit merely on general allegations that the scrip was a penny stock. No material specifically linked the assessee or broker to price manipulation or established that the transactions were non-genuine. The appellate authorities' concurrent factual findings deleting the addition were neither perverse nor legally unsustainable; consequently, no substantial question of law arose under Section 68. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795014