https://www.taxtmi.com/caselaws?id=472328 Section 68 could not treat consideration received on the sale of unlisted shares as unexplained cash credit where the original investments had been accepted in prior scrutiny assessments. Purchase and sale records, books of account, bank statements, confirmations, tax returns, audited financial statements, and purchaser particulars supported the transactions. The purchasers also responded to enquiries with supporting material. In the absence of defects in that evidence or independent material disproving purchaser identity, creditworthiness, or transaction genuineness, the documented share-sale proceeds remained outside unexplained cash-credit treatment. en-us Tue, 16 Sep 2025 00:00:00 +0530 Thu, 08 Oct 2026 08:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472328 Section 68 could not treat consideration received on the sale of unlisted shares as unexplained cash credit where the original investments had been accepted in prior scrutiny assessments. Purchase and sale records, books of account, bank statements, confirmations, tax returns, audited financial statements, and purchaser particulars supported the transactions. The purchasers also responded to enquiries with supporting material. In the absence of defects in that evidence or independent material disproving purchaser identity, creditworthiness, or transaction genuineness, the documented share-sale proceeds remained outside unexplained cash-credit treatment. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472328