https://www.taxtmi.com/caselaws?id=795592 Documented listed-share transactions conducted through banking channels and the stock exchange cannot be treated as unexplained cash credits merely because the scrip is suspected to be a penny stock. The notes state that additions for alleged bogus long-term capital gains require cogent material linking the taxpayer to price rigging, accommodation entries, or other manipulation; suspicion and human probabilities alone do not displace consistent documentary evidence. They also state that identified unsecured loans supported by tax returns, confirmations, bank statements and repayment evidence are explained, and that insurance-premium deduction is supportable where records establish its relation to the relevant financial year. en-us Fri, 29 May 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795592 Documented listed-share transactions conducted through banking channels and the stock exchange cannot be treated as unexplained cash credits merely because the scrip is suspected to be a penny stock. The notes state that additions for alleged bogus long-term capital gains require cogent material linking the taxpayer to price rigging, accommodation entries, or other manipulation; suspicion and human probabilities alone do not displace consistent documentary evidence. They also state that identified unsecured loans supported by tax returns, confirmations, bank statements and repayment evidence are explained, and that insurance-premium deduction is supportable where records establish its relation to the relevant financial year. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795592