https://www.taxtmi.com/caselaws?id=471440 Long-term capital gain from listed-share transactions cannot be treated as unexplained credit merely because of unusual price movements or unverified statements concerning alleged intermediaries. Where share allotment, dematerialisation, stock-exchange sale and banking-channel receipts are undisputed, denial of exemption requires cogent evidence linking the taxpayer to market manipulation or unaccounted funds. Failure to produce underlying investigation material, establish such involvement, trace unaccounted money, or prove that unknown exchange purchasers lacked creditworthiness leaves only suspicion, which cannot sustain an addition. The gain remains eligible for long-term capital gain treatment and the related exemption. en-us Wed, 14 Mar 2018 00:00:00 +0530 Wed, 02 Sep 2026 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471440 Long-term capital gain from listed-share transactions cannot be treated as unexplained credit merely because of unusual price movements or unverified statements concerning alleged intermediaries. Where share allotment, dematerialisation, stock-exchange sale and banking-channel receipts are undisputed, denial of exemption requires cogent evidence linking the taxpayer to market manipulation or unaccounted funds. Failure to produce underlying investigation material, establish such involvement, trace unaccounted money, or prove that unknown exchange purchasers lacked creditworthiness leaves only suspicion, which cannot sustain an addition. The gain remains eligible for long-term capital gain treatment and the related exemption. Case-Laws Income Tax Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471440