https://www.taxtmi.com/caselaws?id=464136 ITAT Chandigarh held that a trading addition following rejection of books under section 145(3) could not be sustained where it was based only on estimated enhancement of turnover and gross profit without corroborative material showing unrecorded sales. The appellate addition was therefore deleted. It further held that ad hoc disallowances of expenses and alleged personal use could not stand in the absence of specific defects or concrete supporting material. Those disallowances were also deleted, granting full relief to the assessee and rejecting the revenue's challenge. en-us Thu, 22 Mar 2012 00:00:00 +0530 Tue, 07 Oct 2025 15:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464136 ITAT Chandigarh held that a trading addition following rejection of books under section 145(3) could not be sustained where it was based only on estimated enhancement of turnover and gross profit without corroborative material showing unrecorded sales. The appellate addition was therefore deleted. It further held that ad hoc disallowances of expenses and alleged personal use could not stand in the absence of specific defects or concrete supporting material. Those disallowances were also deleted, granting full relief to the assessee and rejecting the revenue's challenge. Case-Laws Income Tax Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464136