https://www.taxtmi.com/caselaws?id=785956 Discrepancy between POS gross billing and regular books arose from inclusion of GST in POS figures while the assessee records sales net of GST; stock transfers were not treated as sales, and therefore did not indicate unrecorded sales. On that basis the tribunal accepted the assessee's reconciliation and restricted the addition to a lumpsum Rs. 5 lakh as business income, deleting the remainder. The assessee's contemporaneous cashinhand ledger and search statement were held sufficient to discharge the onus for cash found; corresponding additions against the assessee and spouse were deleted. Jewellery explained save a negligible 10.960 grams, so related additions were disallowed. en-us Thu, 29 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785956 Discrepancy between POS gross billing and regular books arose from inclusion of GST in POS figures while the assessee records sales net of GST; stock transfers were not treated as sales, and therefore did not indicate unrecorded sales. On that basis the tribunal accepted the assessee's reconciliation and restricted the addition to a lumpsum Rs. 5 lakh as business income, deleting the remainder. The assessee's contemporaneous cashinhand ledger and search statement were held sufficient to discharge the onus for cash found; corresponding additions against the assessee and spouse were deleted. Jewellery explained save a negligible 10.960 grams, so related additions were disallowed. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785956