Shares bought off the market and increase in the value of shares shall not be the reason to make the addition of alleged penny stock if purchase off the market is proved to be justified and (i) sold through stock exchange (ii) no enquiry was made against the assessee and (iii) all the relevant documents i.e. financial statements, summary of shares sold, ledger account, bank account statement, contract notes of sale of the shares, demat account statement, shares purchase invoice have been filed before the AO.