https://www.taxtmi.com/highlights?id=96128 Whether income could be extrapolated from a list of purported employees found during a survey: the Tribunal held that additions must be confined to incriminating material seized during survey and cannot be extrapolated without independent corroboration; reliance on precedent rejecting extrapolation further supports this reasoning, therefore extrapolation across months was unsustainable and disallowed. Consequence: the addition is restricted to Rs. 2,54,115 as per the seized document, taxed under section 69C read with section 115BBE; appeal partly allowed. - ITAT en-us Sat, 17 Jan 2026 12:01:34 +0530 Sat, 17 Jan 2026 12:01:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96128 Whether income could be extrapolated from a list of purported employees found during a survey: the Tribunal held that additions must be confined to incriminating material seized during survey and cannot be extrapolated without independent corroboration; reliance on precedent rejecting extrapolation further supports this reasoning, therefore extrapolation across months was unsustainable and disallowed. Consequence: the addition is restricted to Rs. 2,54,115 as per the seized document, taxed under section 69C read with section 115BBE; appeal partly allowed. - ITAT Highlights Income Tax Sat, 17 Jan 2026 12:01:34 +0530 https://www.taxtmi.com/highlights?id=96128