https://www.taxtmi.com/caselaws?id=798243 Documented long-term gains from listed-share sales through recognised stock exchanges, supported by securities transaction tax, demat records and banking channels, cannot be treated as unexplained cash credits merely because of unusual price movements or concerns about intermediaries. The human-probabilities test remains evidentiary and does not replace positive, corroborated proof linking the taxpayer to unaccounted cash, operators or price manipulation; the gains retain capital-gain exemption. Where the underlying additions fail for lack of such evidence, related concealment penalties lack a basis. Reopening or reassessment founded solely on assessment findings that do not survive also cannot stand. en-us Fri, 28 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798243 Documented long-term gains from listed-share sales through recognised stock exchanges, supported by securities transaction tax, demat records and banking channels, cannot be treated as unexplained cash credits merely because of unusual price movements or concerns about intermediaries. The human-probabilities test remains evidentiary and does not replace positive, corroborated proof linking the taxpayer to unaccounted cash, operators or price manipulation; the gains retain capital-gain exemption. Where the underlying additions fail for lack of such evidence, related concealment penalties lack a basis. Reopening or reassessment founded solely on assessment findings that do not survive also cannot stand. Case-Laws Income Tax Fri, 28 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798243