https://www.taxtmi.com/caselaws?id=284100 Incomplete books of account, absence of stock registers and unverifiable stock position justified rejection of book results and estimation of gross profit for the post-survey period, and the trading addition was upheld. A voluntary admission on oath regarding excess stock, later reiterated and not retracted, together with incomplete records, supported the addition for unexplained investment in stock. The third issue, concerning the balance difference of M/s Unicorn Corporation, was remanded because the Tribunal found the additional evidence material for a fair adjudication and restored the matter for fresh consideration after giving both sides an opportunity. en-us Thu, 31 Mar 2011 00:00:00 +0530 Thu, 31 Oct 2019 16:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284100 Incomplete books of account, absence of stock registers and unverifiable stock position justified rejection of book results and estimation of gross profit for the post-survey period, and the trading addition was upheld. A voluntary admission on oath regarding excess stock, later reiterated and not retracted, together with incomplete records, supported the addition for unexplained investment in stock. The third issue, concerning the balance difference of M/s Unicorn Corporation, was remanded because the Tribunal found the additional evidence material for a fair adjudication and restored the matter for fresh consideration after giving both sides an opportunity. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284100