https://www.taxtmi.com/highlights?id=69040 Unexplained cash credit in the bank account u/s 68 - Addition on excess sales - there cannot be such abnormal jump in the sale all of sudden. - To avoid the possibility of revenue leakage instead of entire difference in sales the profit element should be taxed. Hence, we direct the assessing officer to treat 25% of profit on the excess sales identified by AO. - AT en-us Sat, 01 Apr 2023 13:47:37 +0530 Sat, 01 Apr 2023 13:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69040 Unexplained cash credit in the bank account u/s 68 - Addition on excess sales - there cannot be such abnormal jump in the sale all of sudden. - To avoid the possibility of revenue leakage instead of entire difference in sales the profit element should be taxed. Hence, we direct the assessing officer to treat 25% of profit on the excess sales identified by AO. - AT Highlights Income Tax Sat, 01 Apr 2023 13:47:37 +0530 https://www.taxtmi.com/highlights?id=69040