https://www.taxtmi.com/caselaws?id=472244 Sale consideration received on a transfer of shares is not assessable as unexplained cash credit where its nature and source are satisfactorily established. Banking records supporting the share purchase, coupled with transaction documents for the sale, purchaser confirmation, and an affidavit furnished during verification, link the receipt to an identified and evidenced share transaction. The receipt is therefore fully explained and no addition for unexplained cash credit arises. en-us Mon, 21 Apr 2025 00:00:00 +0530 Mon, 05 Oct 2026 19:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472244 Sale consideration received on a transfer of shares is not assessable as unexplained cash credit where its nature and source are satisfactorily established. Banking records supporting the share purchase, coupled with transaction documents for the sale, purchaser confirmation, and an affidavit furnished during verification, link the receipt to an identified and evidenced share transaction. The receipt is therefore fully explained and no addition for unexplained cash credit arises. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472244