https://www.taxtmi.com/caselaws?id=796401 Section 68 additions for identified penny-stock trades require cogent evidence linking the taxpayer to manipulated or non-genuine transactions; general investigation material alone is insufficient where trading records, demat accounts, exchange summaries and bank statements remain unrebutted. The note further states that alleged unsecured loans or fictitious trading profits cannot be treated as unexplained credits without evidence identifying an actual creditor, source or receipt. Where trading profits have been recorded in the profit and loss account and taxed, and no tax-avoidance benefit or accommodation entry is established, the proposed additions lack evidentiary support. en-us Wed, 29 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796401 Section 68 additions for identified penny-stock trades require cogent evidence linking the taxpayer to manipulated or non-genuine transactions; general investigation material alone is insufficient where trading records, demat accounts, exchange summaries and bank statements remain unrebutted. The note further states that alleged unsecured loans or fictitious trading profits cannot be treated as unexplained credits without evidence identifying an actual creditor, source or receipt. Where trading profits have been recorded in the profit and loss account and taxed, and no tax-avoidance benefit or accommodation entry is established, the proposed additions lack evidentiary support. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796401