https://www.taxtmi.com/caselaws?id=779975 HC set aside addition of Rs.25,00,000 made by AO and upheld by lower authorities, finding no material or rational basis for estimating undisclosed sales. The assessee, which sold about 95% of goods to a sister concern and imported materials affected by dollar exchange fluctuations, had purchases and sales duly recorded; fluctuation in profit margins was attributable to purchase-price changes. The Tribunal's acceptance of the estimation was held perverse for failing to examine comparative data and factual aspects; matter decided in favour of the assessee. en-us Wed, 17 Sep 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779975 HC set aside addition of Rs.25,00,000 made by AO and upheld by lower authorities, finding no material or rational basis for estimating undisclosed sales. The assessee, which sold about 95% of goods to a sister concern and imported materials affected by dollar exchange fluctuations, had purchases and sales duly recorded; fluctuation in profit margins was attributable to purchase-price changes. The Tribunal's acceptance of the estimation was held perverse for failing to examine comparative data and factual aspects; matter decided in favour of the assessee. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779975