https://www.taxtmi.com/caselaws?id=795590 Documented share-sale transactions claimed as exempt long-term capital gains cannot be treated as unexplained cash credit merely because an investigation report alleges penny-stock manipulation. Preferential allotment, banking-channel payments, dematerialisation, stock-exchange sales, broker records, demat statements and bank receipts support transaction genuineness. Without an independent inquiry, evidence linking the taxpayer to price manipulation or entry operators, proof of cash exchange, or adverse regulatory findings, the investigation report does not displace this documentary evidence. On comparable facts, the scrip's alleged manipulation does not by itself establish that the taxpayer's transactions were bogus. The related estimated commission addition consequently does not survive. 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 claimed as exempt long-term capital gains cannot be treated as unexplained cash credit merely because an investigation report alleges penny-stock manipulation. Preferential allotment, banking-channel payments, dematerialisation, stock-exchange sales, broker records, demat statements and bank receipts support transaction genuineness. Without an independent inquiry, evidence linking the taxpayer to price manipulation or entry operators, proof of cash exchange, or adverse regulatory findings, the investigation report does not displace this documentary evidence. On comparable facts, the scrip's alleged manipulation does not by itself establish that the taxpayer's transactions were bogus. The related estimated commission addition consequently does not survive. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795590