https://www.taxtmi.com/caselaws?id=796401 Section 68 additions concerning identified penny-stock trades require cogent evidence linking the taxpayer to non-genuine or manipulated transactions; general investigation material alone is insufficient where trading records, demat accounts, exchange trade summaries and bank statements remain unrebutted. Recorded trading profits and losses, already included in taxable income without any exempt capital-gain claim, do not establish an undisclosed tax benefit. Alleged unsecured loans or fictitious trading profits also require evidence identifying the actual credit, creditor or source. Where no such evidence exists and the alleged profit has already been taxed, the additions are unsustainable. 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 concerning identified penny-stock trades require cogent evidence linking the taxpayer to non-genuine or manipulated transactions; general investigation material alone is insufficient where trading records, demat accounts, exchange trade summaries and bank statements remain unrebutted. Recorded trading profits and losses, already included in taxable income without any exempt capital-gain claim, do not establish an undisclosed tax benefit. Alleged unsecured loans or fictitious trading profits also require evidence identifying the actual credit, creditor or source. Where no such evidence exists and the alleged profit has already been taxed, the additions are unsustainable. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796401