https://www.taxtmi.com/caselaws?id=799495 Long-term capital gains from listed-share sales supported by contract notes, demat statements and bank records cannot be characterised as non-genuine accommodation entries solely because of general investigation material or abnormal price appreciation. Purchases through a recognised broker, banking-channel payments, demat credits, exchange sales and banking-channel sale proceeds constitute direct documentary evidence unless disproved as false or fabricated. Such treatment requires evidence linking the taxpayer to operators or price-rigging, such as a cash trail, commission payment, pre-arranged transactions, or participation in manipulation. Suspicion and the human-probabilities test cannot replace proof. en-us Mon, 29 Jun 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799495 Long-term capital gains from listed-share sales supported by contract notes, demat statements and bank records cannot be characterised as non-genuine accommodation entries solely because of general investigation material or abnormal price appreciation. Purchases through a recognised broker, banking-channel payments, demat credits, exchange sales and banking-channel sale proceeds constitute direct documentary evidence unless disproved as false or fabricated. Such treatment requires evidence linking the taxpayer to operators or price-rigging, such as a cash trail, commission payment, pre-arranged transactions, or participation in manipulation. Suspicion and the human-probabilities test cannot replace proof. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799495