https://www.taxtmi.com/caselaws?id=797897 Long-term capital gain from stock-exchange share sales cannot be treated as unexplained income merely because of abnormal price appreciation, investigation material, or alleged price manipulation. Contemporaneous evidence of purchase, banking-channel payment, dematerialisation, exchange-based sale, and receipt of consideration supports transaction genuineness unless cogent material links the taxpayer to manipulation, accommodation entries, or conversion of unaccounted money. Suspicion arising from regulatory action concerning the company or investigation reports does not override that evidentiary record. A binding jurisdictional view on comparable facts prevails over a conflicting non-jurisdictional approach based on preponderance of probabilities; consequential unexplained-income and alleged commission additions are unsustainable. en-us Fri, 21 Aug 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797897 Long-term capital gain from stock-exchange share sales cannot be treated as unexplained income merely because of abnormal price appreciation, investigation material, or alleged price manipulation. Contemporaneous evidence of purchase, banking-channel payment, dematerialisation, exchange-based sale, and receipt of consideration supports transaction genuineness unless cogent material links the taxpayer to manipulation, accommodation entries, or conversion of unaccounted money. Suspicion arising from regulatory action concerning the company or investigation reports does not override that evidentiary record. A binding jurisdictional view on comparable facts prevails over a conflicting non-jurisdictional approach based on preponderance of probabilities; consequential unexplained-income and alleged commission additions are unsustainable. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797897