https://www.taxtmi.com/caselaws?id=470221 Long-term capital gains from listed-share sales supported by stock-exchange, banking and demat records cannot be treated as unexplained income solely on a general investigation report concerning penny-stock manipulation. Where purchases in an earlier year were undisputed, no defect exists in transaction records, and no transaction-specific material links the taxpayer to price rigging, the report does not establish that documented sales are non-genuine. The additions treating the gains as unexplained income were therefore liable to be deleted. en-us Tue, 18 Mar 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470221 Long-term capital gains from listed-share sales supported by stock-exchange, banking and demat records cannot be treated as unexplained income solely on a general investigation report concerning penny-stock manipulation. Where purchases in an earlier year were undisputed, no defect exists in transaction records, and no transaction-specific material links the taxpayer to price rigging, the report does not establish that documented sales are non-genuine. The additions treating the gains as unexplained income were therefore liable to be deleted. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470221