https://www.taxtmi.com/caselaws?id=779300 ITAT upheld CIT(A)'s findings that entries in the "Ghat" ledger represented alloy additions, not metal receipts, and deleted the related additions. Additions based on making charges were deleted as genuine and assessed in books. Portions of "byaj" and "vatav" receipts admitted by an individual were deleted; remaining amounts of Rs. 12,13,66,358 and Rs. 1,45,54,166 were confirmed across AYs 2017-18 to 2021-22. The tribunal rejected further reduction of estimated unaccounted sales for lack of records, but directed exclusion of amounts already taxed in the individual's hands to avoid double taxation. The tribunal allowed telescoping of assessed unaccounted income (Rs. 86,15,72,422) against unexplained assets, deleting additions for excess stock, cash, receivables and silver. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 16:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779300 ITAT upheld CIT(A)'s findings that entries in the "Ghat" ledger represented alloy additions, not metal receipts, and deleted the related additions. Additions based on making charges were deleted as genuine and assessed in books. Portions of "byaj" and "vatav" receipts admitted by an individual were deleted; remaining amounts of Rs. 12,13,66,358 and Rs. 1,45,54,166 were confirmed across AYs 2017-18 to 2021-22. The tribunal rejected further reduction of estimated unaccounted sales for lack of records, but directed exclusion of amounts already taxed in the individual's hands to avoid double taxation. The tribunal allowed telescoping of assessed unaccounted income (Rs. 86,15,72,422) against unexplained assets, deleting additions for excess stock, cash, receivables and silver. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779300