https://www.taxtmi.com/caselaws?id=756059 ITAT Chandigarh upheld CIT(A)'s decision to restrict additions for off-book sales only to parties identified in WhatsApp chat evidence, finding this approach logical due to lack of incriminating documents for other parties. However, the tribunal modified the addition amount, confirming only gross profit at 8.60% rate on total off-book sales of Rs. 32,69,643 rather than the entire sale value, reasoning that corresponding purchases must have also occurred outside books. The assessee's appeal was partly allowed with reduced addition based on declared GP ratio. en-us Tue, 23 Jul 2024 00:00:00 +0530 Tue, 20 May 2025 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756059 ITAT Chandigarh upheld CIT(A)'s decision to restrict additions for off-book sales only to parties identified in WhatsApp chat evidence, finding this approach logical due to lack of incriminating documents for other parties. However, the tribunal modified the addition amount, confirming only gross profit at 8.60% rate on total off-book sales of Rs. 32,69,643 rather than the entire sale value, reasoning that corresponding purchases must have also occurred outside books. The assessee's appeal was partly allowed with reduced addition based on declared GP ratio. Case-Laws Income Tax Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756059