https://www.taxtmi.com/caselaws?id=796689 Share-sale proceeds and long-term capital gains cannot be treated as unexplained cash credits merely on general penny-stock investigation material where the taxpayer substantiates the transactions through share application records, broker notes, banking channels, demat statements, stock-exchange sale records and securities transaction tax payment. Cogent evidence must connect the taxpayer to price manipulation, sham transactions or accommodation entries; absent such evidence, the addition is deleted. Estimated commission expenditure for an alleged accommodation entry also cannot be added as unexplained expenditure when it is only consequential to the rejected cash-credit allegation and lacks independent evidence of expenditure. en-us Wed, 05 Aug 2026 00:00:00 +0530 Sat, 08 Aug 2026 08:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796689 Share-sale proceeds and long-term capital gains cannot be treated as unexplained cash credits merely on general penny-stock investigation material where the taxpayer substantiates the transactions through share application records, broker notes, banking channels, demat statements, stock-exchange sale records and securities transaction tax payment. Cogent evidence must connect the taxpayer to price manipulation, sham transactions or accommodation entries; absent such evidence, the addition is deleted. Estimated commission expenditure for an alleged accommodation entry also cannot be added as unexplained expenditure when it is only consequential to the rejected cash-credit allegation and lacks independent evidence of expenditure. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796689