https://www.taxtmi.com/caselaws?id=471096 Unexplained income from share sales cannot rest on aggregate opening-and-closing holding differences without scrip-wise valuation, reliable computation, independent enquiry, or supporting evidence; the addition is deleted. Dividend income is taxable only where the assessee is the registered shareholder and the income is actually receivable; departmental holding data, public dividend declarations, and another person's dividend ratio cannot support an estimate, so the addition is deleted. Consistency requires allowance of interest on borrowed funds where identical claims succeeded in prior years and no distinguishing facts arise. Assessed income must be recomputed accordingly. en-us Tue, 01 Apr 2025 00:00:00 +0530 Thu, 20 Aug 2026 19:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471096 Unexplained income from share sales cannot rest on aggregate opening-and-closing holding differences without scrip-wise valuation, reliable computation, independent enquiry, or supporting evidence; the addition is deleted. Dividend income is taxable only where the assessee is the registered shareholder and the income is actually receivable; departmental holding data, public dividend declarations, and another person's dividend ratio cannot support an estimate, so the addition is deleted. Consistency requires allowance of interest on borrowed funds where identical claims succeeded in prior years and no distinguishing facts arise. Assessed income must be recomputed accordingly. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471096