https://www.taxtmi.com/highlights?id=97093 Assessment of income on account of unsubstantiated purchases was affirmed where the assessee failed to produce parties, documents or reconcile sundry balances; the tribunal upheld CIT(A)/NFAC direction to adopt a reasonable profit rate (informed by but not applying section 44AD) instead of disallowing all purchases. Separately, disallowance under the TDS provision was sustained because audited accounts and auditor silence did not excuse the assessee's statutory failure to deduct tax at source. en-us Mon, 23 Feb 2026 17:13:14 +0530 Mon, 23 Feb 2026 17:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97093 Assessment of income on account of unsubstantiated purchases was affirmed where the assessee failed to produce parties, documents or reconcile sundry balances; the tribunal upheld CIT(A)/NFAC direction to adopt a reasonable profit rate (informed by but not applying section 44AD) instead of disallowing all purchases. Separately, disallowance under the TDS provision was sustained because audited accounts and auditor silence did not excuse the assessee's statutory failure to deduct tax at source. Highlights Income Tax Mon, 23 Feb 2026 17:13:14 +0530 https://www.taxtmi.com/highlights?id=97093