https://www.taxtmi.com/caselaws?id=797145 Stock-exchange share sale proceeds supported by broker records, banking channels, contract notes, demat statements, clearing delivery and securities transaction tax cannot be treated as unexplained money merely on uncorroborated penny-stock allegations. In the absence of evidence linking the assessee to cash circulation, collusion, entry operators or manipulation, suspicion cannot displace documentary evidence; the addition under Section 69A was deleted. Reassessment was nevertheless valid because substantial long-term capital gains had not been disclosed through a return, and their claimed exempt status did not remove the disclosure obligation. en-us Thu, 06 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797145 Stock-exchange share sale proceeds supported by broker records, banking channels, contract notes, demat statements, clearing delivery and securities transaction tax cannot be treated as unexplained money merely on uncorroborated penny-stock allegations. In the absence of evidence linking the assessee to cash circulation, collusion, entry operators or manipulation, suspicion cannot displace documentary evidence; the addition under Section 69A was deleted. Reassessment was nevertheless valid because substantial long-term capital gains had not been disclosed through a return, and their claimed exempt status did not remove the disclosure obligation. Case-Laws Income Tax Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797145