https://www.taxtmi.com/caselaws?id=795830 Trading loss from identified penny-stock scrips cannot be treated as unexplained income under Section 68 where the assessee substantiates transactions through recognised stock exchange records, securities transaction tax payments, contract notes, banking records, broker ledgers and demat statements. In the absence of evidence linking the assessee to price rigging, accommodation entries or entry and exit operators, assumptions about the scrips and human probabilities do not establish that the loss was bogus. The deletion of the Section 68 addition was therefore supported. en-us Fri, 24 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795830 Trading loss from identified penny-stock scrips cannot be treated as unexplained income under Section 68 where the assessee substantiates transactions through recognised stock exchange records, securities transaction tax payments, contract notes, banking records, broker ledgers and demat statements. In the absence of evidence linking the assessee to price rigging, accommodation entries or entry and exit operators, assumptions about the scrips and human probabilities do not establish that the loss was bogus. The deletion of the Section 68 addition was therefore supported. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795830