https://www.taxtmi.com/caselaws?id=780049 ITAT held that the Addl. CIT's mechanical approval under s.153D could not sustain enhanced profit estimation; the assessee's revised return profit (˜14-15%) is accepted as group net profit on facts (aggregate NP ˜1.47%), impugned additions deleted and revenue's appeal dismissed. Agricultural income declared by the assessee was upheld (supported by J-forms, khasra/khatauni) and AO's estimate rejected. Unsecured loans furnished with confirmations, PANs and ITRs satisfied the primary onus under s.68; related additions were deleted and corresponding revenue grounds dismissed. en-us Wed, 08 Oct 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780049 ITAT held that the Addl. CIT's mechanical approval under s.153D could not sustain enhanced profit estimation; the assessee's revised return profit (˜14-15%) is accepted as group net profit on facts (aggregate NP ˜1.47%), impugned additions deleted and revenue's appeal dismissed. Agricultural income declared by the assessee was upheld (supported by J-forms, khasra/khatauni) and AO's estimate rejected. Unsecured loans furnished with confirmations, PANs and ITRs satisfied the primary onus under s.68; related additions were deleted and corresponding revenue grounds dismissed. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780049