https://www.taxtmi.com/caselaws?id=472640 Section 69C addition for the purchase price of shares requires cogent material establishing unexplained cash payment, accommodation entries, or non-genuine transactions. Share trades executed through a recognised stock exchange and broker, supported by the broker's ledger, indicate transaction settlement where no contrary evidence exists. Receipt of trading profit through banking channels and its disclosure as regular income, without an exemption or set-off claim, further supports the recorded nature of the transactions. In these circumstances, the share purchase price does not warrant treatment as unexplained expenditure. en-us Tue, 22 Apr 2025 00:00:00 +0530 Mon, 19 Oct 2026 19:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472640 Section 69C addition for the purchase price of shares requires cogent material establishing unexplained cash payment, accommodation entries, or non-genuine transactions. Share trades executed through a recognised stock exchange and broker, supported by the broker's ledger, indicate transaction settlement where no contrary evidence exists. Receipt of trading profit through banking channels and its disclosure as regular income, without an exemption or set-off claim, further supports the recorded nature of the transactions. In these circumstances, the share purchase price does not warrant treatment as unexplained expenditure. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472640