https://www.taxtmi.com/caselaws?id=466777 Where a higher recorded turnover was available, treating the difference between profit-and-loss turnover and computation turnover as unexplained cash was unsustainable; the correct legal prescription is to adopt the higher recorded turnover for computing income under the presumptive taxation scheme. The operative effect is remand to the Assessing Officer for limited recomputation of taxable income under the presumptive regime adopting the higher turnover, with all other issues left open for the Assessing Officer to examine on remand. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 19 Feb 2026 13:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466777 Where a higher recorded turnover was available, treating the difference between profit-and-loss turnover and computation turnover as unexplained cash was unsustainable; the correct legal prescription is to adopt the higher recorded turnover for computing income under the presumptive taxation scheme. The operative effect is remand to the Assessing Officer for limited recomputation of taxable income under the presumptive regime adopting the higher turnover, with all other issues left open for the Assessing Officer to examine on remand. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466777