https://www.taxtmi.com/caselaws?id=471683 Documentary evidence establishing the acquisition, holding and sale of shares through banking channels, demat records, allotment documents, contract notes, recognised stock exchanges and registered brokers supports the genuineness of long-term capital gains. Sale proceeds cannot be treated as unexplained money merely because of abnormal scrip-price movements or general investigation material where no independent enquiry disproves the transactions, establishes unaccounted-money movement, or links the taxpayer to price manipulation. Consistent treatment in comparable matters further supports acceptance of adequately evidenced transactions. The addition of share-sale proceeds as unexplained money was unsustainable and was deleted. en-us Wed, 25 Sep 2024 00:00:00 +0530 Mon, 14 Sep 2026 19:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471683 Documentary evidence establishing the acquisition, holding and sale of shares through banking channels, demat records, allotment documents, contract notes, recognised stock exchanges and registered brokers supports the genuineness of long-term capital gains. Sale proceeds cannot be treated as unexplained money merely because of abnormal scrip-price movements or general investigation material where no independent enquiry disproves the transactions, establishes unaccounted-money movement, or links the taxpayer to price manipulation. Consistent treatment in comparable matters further supports acceptance of adequately evidenced transactions. The addition of share-sale proceeds as unexplained money was unsustainable and was deleted. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471683