https://www.taxtmi.com/caselaws?id=795590 Documented share-sale transactions supported by preferential allotment records, banking-channel payments, dematerialisation evidence, broker contract notes, demat statements and bank receipts cannot be treated as unexplained cash credit merely because an investigation report alleges penny-stock manipulation. In the absence of an independent inquiry, evidence linking the taxpayer to price manipulation or entry operators, cash exchanges, or adverse market-regulator findings, the report does not displace the supporting records. The notes state that the Section 68 addition and related estimated commission addition were deleted. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795590 Documented share-sale transactions supported by preferential allotment records, banking-channel payments, dematerialisation evidence, broker contract notes, demat statements and bank receipts cannot be treated as unexplained cash credit merely because an investigation report alleges penny-stock manipulation. In the absence of an independent inquiry, evidence linking the taxpayer to price manipulation or entry operators, cash exchanges, or adverse market-regulator findings, the report does not displace the supporting records. The notes state that the Section 68 addition and related estimated commission addition were deleted. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795590