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. Additions require cogent material linking the assessee to price manipulation, entry operators, exit providers or accommodation-entry arrangements; suspicion, adverse financial indicators and human probabilities alone do not displace undisputed transactional evidence. Identified unsecured loans supported by lenders' tax returns, confirmations, bank statements, affidavit and repayment evidence are explained credits. An insurance-premium deduction is supportable where the receipt establishes adjustment during 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. Additions require cogent material linking the assessee to price manipulation, entry operators, exit providers or accommodation-entry arrangements; suspicion, adverse financial indicators and human probabilities alone do not displace undisputed transactional evidence. Identified unsecured loans supported by lenders' tax returns, confirmations, bank statements, affidavit and repayment evidence are explained credits. An insurance-premium deduction is supportable where the receipt establishes adjustment during the relevant financial year. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795592