https://www.taxtmi.com/caselaws?id=798829 Long-term capital gains from listed-share sales supported by contract notes, demat records, banking-channel payments, stock-exchange transactions and securities transaction tax cannot be treated as unexplained cash credit solely on a general penny-stock investigation report. Where shares were held in demat form for a substantial period and no independent material links the taxpayer to price rigging or broker collusion, the documentary evidence remains unrebutted. The resulting gains qualify for exemption under Section 10(38), and an addition under Section 68 is unsustainable. en-us Wed, 09 Sep 2026 00:00:00 +0530 Sat, 12 Sep 2026 08:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798829 Long-term capital gains from listed-share sales supported by contract notes, demat records, banking-channel payments, stock-exchange transactions and securities transaction tax cannot be treated as unexplained cash credit solely on a general penny-stock investigation report. Where shares were held in demat form for a substantial period and no independent material links the taxpayer to price rigging or broker collusion, the documentary evidence remains unrebutted. The resulting gains qualify for exemption under Section 10(38), and an addition under Section 68 is unsustainable. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798829