https://www.taxtmi.com/highlights?id=105326 Capital-gains computation on the sale of unquoted shares requires reliable evidence establishing the cost of acquisition attributable to the specific shares transferred. A claim that sale consideration merely recovers acquisition cost must be supported by primary acquisition and transfer records, together with a substantiated scrip-wise or company-wise reconciliation linking the shares sold to their cost. Ledger extracts and unsupported reconciliation entries do not establish that cost. Purchaser identity or creditworthiness is irrelevant where the addition concerns capital gains rather than unexplained credits. Failure to substantiate acquisition cost permits the Assessing Officer's long-term capital-gain computation to stand. en-us Fri, 23 Oct 2026 11:53:25 +0530 Fri, 23 Oct 2026 11:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105326 Capital-gains computation on the sale of unquoted shares requires reliable evidence establishing the cost of acquisition attributable to the specific shares transferred. A claim that sale consideration merely recovers acquisition cost must be supported by primary acquisition and transfer records, together with a substantiated scrip-wise or company-wise reconciliation linking the shares sold to their cost. Ledger extracts and unsupported reconciliation entries do not establish that cost. Purchaser identity or creditworthiness is irrelevant where the addition concerns capital gains rather than unexplained credits. Failure to substantiate acquisition cost permits the Assessing Officer's long-term capital-gain computation to stand. Highlights Income Tax Fri, 23 Oct 2026 11:53:25 +0530 https://www.taxtmi.com/highlights?id=105326