https://www.taxtmi.com/caselaws?id=795693 Documented losses from sales of dematerialised listed shares through recognised stock exchanges cannot be treated as unexplained cash credits where demat records, banking trails, contract notes, broker records and audited books substantiate the transactions, and no evidence establishes collusion, cash movement or manipulation. A general investigation report does not displace uncontroverted primary evidence. Section 69B also cannot apply without material showing investment exceeding recorded amounts; recorded purchase consideration, funding, demat holdings and banking transactions do not establish unrecorded or excess investment. The analysis states that a genuine share-trading loss cannot be converted into deemed unexplained income under either provision. en-us Mon, 06 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795693 Documented losses from sales of dematerialised listed shares through recognised stock exchanges cannot be treated as unexplained cash credits where demat records, banking trails, contract notes, broker records and audited books substantiate the transactions, and no evidence establishes collusion, cash movement or manipulation. A general investigation report does not displace uncontroverted primary evidence. Section 69B also cannot apply without material showing investment exceeding recorded amounts; recorded purchase consideration, funding, demat holdings and banking transactions do not establish unrecorded or excess investment. The analysis states that a genuine share-trading loss cannot be converted into deemed unexplained income under either provision. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795693