https://www.taxtmi.com/caselaws?id=770226 The ITAT Pune held that the assessee's claim to tax only profit element on unrecorded cash sales was an afterthought, as the assessee had admitted full unrecorded sales as additional income during survey proceedings and in the return filed. However, since the assessee claimed cash from unrecorded sales was used for farmer advances and showroom expansion, but neither the AO nor CIT(A) examined these claims with credible evidence, the matter was remanded to CIT(A) for fresh consideration with proper opportunity of hearing. The appeal was allowed for statistical purposes. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 08 May 2025 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770226 The ITAT Pune held that the assessee's claim to tax only profit element on unrecorded cash sales was an afterthought, as the assessee had admitted full unrecorded sales as additional income during survey proceedings and in the return filed. However, since the assessee claimed cash from unrecorded sales was used for farmer advances and showroom expansion, but neither the AO nor CIT(A) examined these claims with credible evidence, the matter was remanded to CIT(A) for fresh consideration with proper opportunity of hearing. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770226