https://www.taxtmi.com/caselaws?id=434350 HC affirmed the Tribunal's decisions, upholding additions: (1) estimated profit at 8.4% on excess stock was sustained where inventory found by survey exceeded books and the assessee failed to explain; (2) profit estimated from Khata was sustained for lack of evidentiary rebuttal; and (3) payments to various parties not recorded in books were treated as undisclosed income after the assessee failed to produce evidence or respond to notices. Substantial questions of law were answered against the assessee and the Tribunal's orders were not interfered with. en-us Mon, 13 Feb 2023 00:00:00 +0530 Sat, 20 Sep 2025 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434350 HC affirmed the Tribunal's decisions, upholding additions: (1) estimated profit at 8.4% on excess stock was sustained where inventory found by survey exceeded books and the assessee failed to explain; (2) profit estimated from Khata was sustained for lack of evidentiary rebuttal; and (3) payments to various parties not recorded in books were treated as undisclosed income after the assessee failed to produce evidence or respond to notices. Substantial questions of law were answered against the assessee and the Tribunal's orders were not interfered with. Case-Laws Income Tax Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434350