https://www.taxtmi.com/caselaws?id=779071 ITAT reduced an ad-hoc addition made to the assessee's income to Rs.5,00,000/-, deleting the balance. The tribunal found the AO's blanket disallowance, based on a simple comparison of net profit and turnover with the prior year, unsupported by records; noted discrepancies in stock records, unverified purchases and expenses, and non-production of older documents. Considering the facts and circumstances, ITAT held the AO's quantification unreasonable and confined the disallowance to a justified sum of Rs.5,00,000/-. en-us Mon, 20 Jan 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779071 ITAT reduced an ad-hoc addition made to the assessee's income to Rs.5,00,000/-, deleting the balance. The tribunal found the AO's blanket disallowance, based on a simple comparison of net profit and turnover with the prior year, unsupported by records; noted discrepancies in stock records, unverified purchases and expenses, and non-production of older documents. Considering the facts and circumstances, ITAT held the AO's quantification unreasonable and confined the disallowance to a justified sum of Rs.5,00,000/-. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779071