https://www.taxtmi.com/caselaws?id=471348 Documented demat-account and NRE-bank-account entries supporting purchases and sales of shares, including multiple scrip transactions, substantiate the claimed short-term capital loss. Investigation material concerning an alleged penny-stock company cannot, without an independent inquiry linking the taxpayer to price rigging, market manipulation, accommodation entries, or adverse statements, displace that evidence. A materially similar prior-year determination concerning the same scrip supports carry-forward of the loss. Additions for unexplained cash credit and unexplained expenditure are unsustainable where sale consideration and commission lack an independent evidentiary basis. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 31 Aug 2026 18:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471348 Documented demat-account and NRE-bank-account entries supporting purchases and sales of shares, including multiple scrip transactions, substantiate the claimed short-term capital loss. Investigation material concerning an alleged penny-stock company cannot, without an independent inquiry linking the taxpayer to price rigging, market manipulation, accommodation entries, or adverse statements, displace that evidence. A materially similar prior-year determination concerning the same scrip supports carry-forward of the loss. Additions for unexplained cash credit and unexplained expenditure are unsustainable where sale consideration and commission lack an independent evidentiary basis. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471348