https://www.taxtmi.com/caselaws?id=773361 An addition treated as unexplained money under section 69A could not be sustained where it was based only on two survey bills and an extrapolation of turnover for the whole year. The Assessing Officer had not verified the books of the successor firm or the surrounding business records, while the sales registers showed higher declared sales for the relevant dates than the figures relied on. On these facts, the estimate lacked proper evidentiary foundation, and the deletion of the addition was upheld in favour of the assessee. en-us Mon, 16 Jun 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773361 An addition treated as unexplained money under section 69A could not be sustained where it was based only on two survey bills and an extrapolation of turnover for the whole year. The Assessing Officer had not verified the books of the successor firm or the surrounding business records, while the sales registers showed higher declared sales for the relevant dates than the figures relied on. On these facts, the estimate lacked proper evidentiary foundation, and the deletion of the addition was upheld in favour of the assessee. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773361