https://www.taxtmi.com/caselaws?id=796689 Reliable contemporaneous records of share purchases and sales, including broker documentation, banking entries, demat statements and stock-exchange transactions, cannot be displaced solely by general investigation material concerning penny-stock transactions. In the absence of cogent evidence linking the assessee to price manipulation, accommodation entries or sham dealings, the article states that the unexplained cash credit addition was deleted. It further states that estimated commission expenditure lacked independent evidentiary support and, being consequential to the failed allegation regarding sale proceeds, was also deleted. The deletion of both additions was sustained for both assessment years on the same facts and legal position. 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 Reliable contemporaneous records of share purchases and sales, including broker documentation, banking entries, demat statements and stock-exchange transactions, cannot be displaced solely by general investigation material concerning penny-stock transactions. In the absence of cogent evidence linking the assessee to price manipulation, accommodation entries or sham dealings, the article states that the unexplained cash credit addition was deleted. It further states that estimated commission expenditure lacked independent evidentiary support and, being consequential to the failed allegation regarding sale proceeds, was also deleted. The deletion of both additions was sustained for both assessment years on the same facts and legal position. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796689