https://www.taxtmi.com/caselaws?id=396033 Where sales and purchases are accepted in the books and the surrounding facts show that business transactions were routed through the assessee's bank account, any addition based on a sales-cash deposit difference is confined to the profit element and cannot extend to the full receipts. A separate addition for alleged purchase differences on a gross profit basis was also unsustainable because the purchases were recorded and no outside-the-books purchases were shown. An ad hoc disallowance of expenditure for incomplete vouchers was deleted because it lacked specific defects and quantification. en-us Tue, 16 Jun 2020 00:00:00 +0530 Tue, 22 Sep 2020 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396033 Where sales and purchases are accepted in the books and the surrounding facts show that business transactions were routed through the assessee's bank account, any addition based on a sales-cash deposit difference is confined to the profit element and cannot extend to the full receipts. A separate addition for alleged purchase differences on a gross profit basis was also unsustainable because the purchases were recorded and no outside-the-books purchases were shown. An ad hoc disallowance of expenditure for incomplete vouchers was deleted because it lacked specific defects and quantification. Case-Laws Income Tax Tue, 16 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396033