https://www.taxtmi.com/caselaws?id=787728 Where books were intentionally destroyed and impounded incriminating material together with unretracted employee statements indicated out-of-books transactions, the tribunal held that the assessing officer may estimate income but must confine additions to figures specifically corroborated by such material. The tribunal restored limited additions: a restricted profit-estimate addition of Rs.85,00,000 and an unexplained-cash addition reduced to Rs.395.50 lakhs, while upholding deletion of an alleged cash-labour addition for lack of independent corroboration and evidence sufficiency. en-us Fri, 27 Feb 2026 00:00:00 +0530 Mon, 09 Mar 2026 18:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787728 Where books were intentionally destroyed and impounded incriminating material together with unretracted employee statements indicated out-of-books transactions, the tribunal held that the assessing officer may estimate income but must confine additions to figures specifically corroborated by such material. The tribunal restored limited additions: a restricted profit-estimate addition of Rs.85,00,000 and an unexplained-cash addition reduced to Rs.395.50 lakhs, while upholding deletion of an alleged cash-labour addition for lack of independent corroboration and evidence sufficiency. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787728