https://www.taxtmi.com/caselaws?id=174689 A trading addition based on rejection of books and estimated gross profit was found to have been deleted on a cryptic appellate record, so the matter was remanded for fresh adjudication after relevant material, including the re-cast trading account and inventory, was verified. On the claimed expenditure linked to a property dispute, the assessee failed to produce receipts or other credible corroboration, and an affidavit alone was held insufficient to prove actual incurring of the expense. The deletion of that addition was therefore set aside, while the short-term capital gains-related addition was restored. en-us Wed, 25 Jan 2012 00:00:00 +0530 Wed, 14 Oct 2015 17:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174689 A trading addition based on rejection of books and estimated gross profit was found to have been deleted on a cryptic appellate record, so the matter was remanded for fresh adjudication after relevant material, including the re-cast trading account and inventory, was verified. On the claimed expenditure linked to a property dispute, the assessee failed to produce receipts or other credible corroboration, and an affidavit alone was held insufficient to prove actual incurring of the expense. The deletion of that addition was therefore set aside, while the short-term capital gains-related addition was restored. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174689