https://www.taxtmi.com/caselaws?id=471022 Documented share transactions supported by allotment records, banking-channel payments, demat records, contract notes and securities transaction tax may substantiate an exemption claim for long-term capital gains. Where such evidence is not discredited, general investigation material and third-party statements do not justify treating the gains as unexplained cash credits without independent evidence linking the taxpayer to price manipulation, accommodation entries or introduction of unaccounted money. Acceptance of the transactions as genuine also removes the factual basis for estimating unexplained commission expenditure on the sale proceeds. The stated position supports allowance of the capital-gains exemption and deletion of additions for unexplained credits and estimated commission. en-us Thu, 25 Jul 2024 00:00:00 +0530 Tue, 18 Aug 2026 18:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471022 Documented share transactions supported by allotment records, banking-channel payments, demat records, contract notes and securities transaction tax may substantiate an exemption claim for long-term capital gains. Where such evidence is not discredited, general investigation material and third-party statements do not justify treating the gains as unexplained cash credits without independent evidence linking the taxpayer to price manipulation, accommodation entries or introduction of unaccounted money. Acceptance of the transactions as genuine also removes the factual basis for estimating unexplained commission expenditure on the sale proceeds. The stated position supports allowance of the capital-gains exemption and deletion of additions for unexplained credits and estimated commission. Case-Laws Income Tax Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471022