https://www.taxtmi.com/caselaws?id=470390 Documented listed-share transactions supported by allotment records, demat statements, contract notes, bank records and securities transaction tax details cannot be treated as unexplained cash credits merely on general investigation material alleging scrip manipulation or abnormal price movements. Where no cogent evidence links the taxpayer to price rigging, accommodation entries, unaccounted cash payments, or false documentation, suspicion does not displace substantiated transactions. The notes state that the long-term capital gains exemption claim was allowable, and that additions for sale proceeds and estimated commission expenditure were deleted. en-us Tue, 10 Jan 2023 00:00:00 +0530 Sat, 25 Jul 2026 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470390 Documented listed-share transactions supported by allotment records, demat statements, contract notes, bank records and securities transaction tax details cannot be treated as unexplained cash credits merely on general investigation material alleging scrip manipulation or abnormal price movements. Where no cogent evidence links the taxpayer to price rigging, accommodation entries, unaccounted cash payments, or false documentation, suspicion does not displace substantiated transactions. The notes state that the long-term capital gains exemption claim was allowable, and that additions for sale proceeds and estimated commission expenditure were deleted. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470390