https://www.taxtmi.com/caselaws?id=795698 Long-term capital gains from listed-share sales were treated as genuine where purchases and sales were supported by banking payments, recognised stock-exchange trades, securities transaction tax, contract notes and demat delivery. The Revenue failed to establish a live connection between the taxpayer, the scrip and alleged entry providers, and produced no adverse statutory action against the company or its promoters. Coordinate-bench decisions involving the same scrip and materially similar transactions also supported acceptance of the evidence. The notes state that the capital gains exemption was allowable and consequential unexplained-credit and alleged-commission additions were deleted; the reopening challenge was left open as academic. en-us Tue, 21 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795698 Long-term capital gains from listed-share sales were treated as genuine where purchases and sales were supported by banking payments, recognised stock-exchange trades, securities transaction tax, contract notes and demat delivery. The Revenue failed to establish a live connection between the taxpayer, the scrip and alleged entry providers, and produced no adverse statutory action against the company or its promoters. Coordinate-bench decisions involving the same scrip and materially similar transactions also supported acceptance of the evidence. The notes state that the capital gains exemption was allowable and consequential unexplained-credit and alleged-commission additions were deleted; the reopening challenge was left open as academic. Case-Laws Income Tax Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795698