https://www.taxtmi.com/caselaws?id=784316 The dominant issue was whether alleged purchase and sale transactions, treated as unexplained cash credits under s. 68, were proved as genuine through complete particulars and documentary evidence. The ITAT held that the taxpayer failed to substantiate the transactions with adequate evidence and noted the improbability of huge turnover yielding only a meagre profit; however, to meet the ends of justice, it restricted the addition to an estimated profit element by directing the AO to sustain only 10% of the relevant cash credit amount, and it deleted the separate addition towards alleged commission at 0.50%. en-us Tue, 30 Dec 2025 00:00:00 +0530 Fri, 02 Jan 2026 07:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784316 The dominant issue was whether alleged purchase and sale transactions, treated as unexplained cash credits under s. 68, were proved as genuine through complete particulars and documentary evidence. The ITAT held that the taxpayer failed to substantiate the transactions with adequate evidence and noted the improbability of huge turnover yielding only a meagre profit; however, to meet the ends of justice, it restricted the addition to an estimated profit element by directing the AO to sustain only 10% of the relevant cash credit amount, and it deleted the separate addition towards alleged commission at 0.50%. Case-Laws Income Tax Tue, 30 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784316