https://www.taxtmi.com/caselaws?id=470136 Intra-day share trading sale proceeds cannot be treated in full as unexplained cash credits where the taxpayer was a regular trader, earned only a small trading profit, and claimed no long-term capital gains exemption. The notes state that the trades did not establish involvement in alleged price manipulation, while comparable transactions were accepted in a later assessment year. They further state that precedents relied on by the authorities were factually distinguishable. On this analysis, additions for unexplained cash credits and alleged commission expenditure, unsupported by evidence, were deleted. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 16 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470136 Intra-day share trading sale proceeds cannot be treated in full as unexplained cash credits where the taxpayer was a regular trader, earned only a small trading profit, and claimed no long-term capital gains exemption. The notes state that the trades did not establish involvement in alleged price manipulation, while comparable transactions were accepted in a later assessment year. They further state that precedents relied on by the authorities were factually distinguishable. On this analysis, additions for unexplained cash credits and alleged commission expenditure, unsupported by evidence, were deleted. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470136