https://www.taxtmi.com/caselaws?id=796497 Documented acquisition, holding and sale of listed shares through allotment, banking, demat and broker records support a long-term capital gains claim where the shares were held for more than one year, sold through the stock exchange and subjected to securities transaction tax. General allegations that a scrip was a penny stock, abnormal price movements, or adverse investigation material do not by themselves establish that the transaction was fictitious. A cash-credit addition requires cogent assessee-specific material linking the taxpayer or broker to price manipulation or accommodation entries; absent such evidence, the documented sale proceeds cannot be treated as unexplained cash credit. en-us Thu, 22 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796497 Documented acquisition, holding and sale of listed shares through allotment, banking, demat and broker records support a long-term capital gains claim where the shares were held for more than one year, sold through the stock exchange and subjected to securities transaction tax. General allegations that a scrip was a penny stock, abnormal price movements, or adverse investigation material do not by themselves establish that the transaction was fictitious. A cash-credit addition requires cogent assessee-specific material linking the taxpayer or broker to price manipulation or accommodation entries; absent such evidence, the documented sale proceeds cannot be treated as unexplained cash credit. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796497