https://www.taxtmi.com/caselaws?id=470390 Documented listed-share transactions supported by allotment records, demat statements, contract notes, banking evidence and securities transaction tax details cannot be disregarded merely on general investigation material alleging scrip manipulation or abnormal price movement. Where no cogent material links the taxpayer to price rigging, accommodation entries or unaccounted cash, and the transactional evidence is neither disproved nor independently investigated, suspicion cannot justify treating sale proceeds as unexplained cash credit. The long-term capital gains exemption under Section 10(38) was allowed, while additions for sale proceeds under Section 68 and estimated commission expenditure under Section 69C were deleted. en-us Tue, 10 Jan 2023 00:00:00 +0530 Wed, 02 Sep 2026 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470390 Documented listed-share transactions supported by allotment records, demat statements, contract notes, banking evidence and securities transaction tax details cannot be disregarded merely on general investigation material alleging scrip manipulation or abnormal price movement. Where no cogent material links the taxpayer to price rigging, accommodation entries or unaccounted cash, and the transactional evidence is neither disproved nor independently investigated, suspicion cannot justify treating sale proceeds as unexplained cash credit. The long-term capital gains exemption under Section 10(38) was allowed, while additions for sale proceeds under Section 68 and estimated commission expenditure under Section 69C were deleted. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470390