https://www.taxtmi.com/caselaws?id=795429 Exempt long-term capital gains from share sales may be treated as undisclosed income where surrounding evidence shows that the transactions are not genuine. Although the transactions were recorded through banking channels, demat accounts and a recognised stock exchange, investigation findings concerning the group connected with the scrip, abnormal price volatility and the sharp rise in share value justified scrutiny beyond the apparent documentation. On the available facts, the claimed capital gain was characterised as bogus and treated as undisclosed income. en-us Tue, 30 Jun 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795429 Exempt long-term capital gains from share sales may be treated as undisclosed income where surrounding evidence shows that the transactions are not genuine. Although the transactions were recorded through banking channels, demat accounts and a recognised stock exchange, investigation findings concerning the group connected with the scrip, abnormal price volatility and the sharp rise in share value justified scrutiny beyond the apparent documentation. On the available facts, the claimed capital gain was characterised as bogus and treated as undisclosed income. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795429