https://www.taxtmi.com/caselaws?id=351854 A mere estimated notation in a seized paper cannot sustain an addition without evidence of actual suppression or manipulation of income. The ITAT Delhi found that the paper only reflected an estimated profit figure and did not establish any reduction of profit in the books. Because the assessee had already declared higher taxable income in the post-search return and the Revenue produced no independent evidence of understatement, the proposed addition was held unsustainable and its deletion was upheld. en-us Thu, 30 Nov 2017 00:00:00 +0530 Sat, 02 Dec 2017 10:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351854 A mere estimated notation in a seized paper cannot sustain an addition without evidence of actual suppression or manipulation of income. The ITAT Delhi found that the paper only reflected an estimated profit figure and did not establish any reduction of profit in the books. Because the assessee had already declared higher taxable income in the post-search return and the Revenue produced no independent evidence of understatement, the proposed addition was held unsustainable and its deletion was upheld. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351854