https://www.taxtmi.com/caselaws?id=470514 Long-term capital gains from listed-share sales cannot be treated as unexplained cash credit solely on a general penny-stock investigation report where documentary evidence supports genuine transactions. Banking-channel purchases, dematerialised holdings, recognised stock-exchange sales through a registered broker, securities transaction tax payment, and bank receipt of sale proceeds supported the claim. In the absence of material linking the taxpayer to price manipulation, accommodation entries, or collusion, suspicion based on price movements, company fundamentals, or a general modus-operandi report could not displace the evidentiary record. The notes state that the declared gains were not liable to disallowance under Sections 10(38) and 68. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 29 Jul 2026 18:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470514 Long-term capital gains from listed-share sales cannot be treated as unexplained cash credit solely on a general penny-stock investigation report where documentary evidence supports genuine transactions. Banking-channel purchases, dematerialised holdings, recognised stock-exchange sales through a registered broker, securities transaction tax payment, and bank receipt of sale proceeds supported the claim. In the absence of material linking the taxpayer to price manipulation, accommodation entries, or collusion, suspicion based on price movements, company fundamentals, or a general modus-operandi report could not displace the evidentiary record. The notes state that the declared gains were not liable to disallowance under Sections 10(38) and 68. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470514