https://www.taxtmi.com/caselaws?id=799509 Claimed exempt long-term capital gain on equity-share sales was not established as genuine merely through records of merger-based allotment, dematerialisation, and sale through a recognised intermediary. Investigation findings concerning the scrip, abnormal price movements, trading patterns, and absence of supporting financial fundamentals indicated conduct inconsistent with ordinary market behaviour. Failure to produce evidence of the company's intrinsic financial strength or rebut adverse findings, together with no new material against appellate findings, resulted in sustenance of the Section 68 addition. en-us Mon, 31 Aug 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799509 Claimed exempt long-term capital gain on equity-share sales was not established as genuine merely through records of merger-based allotment, dematerialisation, and sale through a recognised intermediary. Investigation findings concerning the scrip, abnormal price movements, trading patterns, and absence of supporting financial fundamentals indicated conduct inconsistent with ordinary market behaviour. Failure to produce evidence of the company's intrinsic financial strength or rebut adverse findings, together with no new material against appellate findings, resulted in sustenance of the Section 68 addition. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799509