https://www.taxtmi.com/caselaws?id=472536 Share-sale proceeds cannot be treated as unexplained cash credits where the taxpayer provides a credible documentary trail establishing a genuine transaction. Purchase through banking channels, share allotment on amalgamation, dematerialisation, exchange-based sale contract notes, securities transaction tax, bank receipt of consideration and the required holding period support the long-term capital gains exemption. These materials discharge the initial burden under section 68 and support the section 10(38) claim. General investigation material or an unusual increase in scrip price, without evidence linking the taxpayer to price manipulation or unaccounted-money routing, does not rebut the documented transaction. en-us Wed, 24 Dec 2025 00:00:00 +0530 Wed, 14 Oct 2026 18:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472536 Share-sale proceeds cannot be treated as unexplained cash credits where the taxpayer provides a credible documentary trail establishing a genuine transaction. Purchase through banking channels, share allotment on amalgamation, dematerialisation, exchange-based sale contract notes, securities transaction tax, bank receipt of consideration and the required holding period support the long-term capital gains exemption. These materials discharge the initial burden under section 68 and support the section 10(38) claim. General investigation material or an unusual increase in scrip price, without evidence linking the taxpayer to price manipulation or unaccounted-money routing, does not rebut the documented transaction. Case-Laws Income Tax Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472536