https://www.taxtmi.com/caselaws?id=788025 Seized ledger and digital entries were decoded to show the contested Rs. 5,00,000 item was recorded as a cheque entry and not cash; the assessee produced bank statements that did not evidence receipt of that amount and the diary linked the entry to a different concern. Because the seized material itself and bank records documentary contradict the basis for treating the item as unexplained cash, the application of a 35% gross profit estimate on that alleged cash receipt was rejected and the estimated addition was deleted. en-us Tue, 17 Feb 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788025 Seized ledger and digital entries were decoded to show the contested Rs. 5,00,000 item was recorded as a cheque entry and not cash; the assessee produced bank statements that did not evidence receipt of that amount and the diary linked the entry to a different concern. Because the seized material itself and bank records documentary contradict the basis for treating the item as unexplained cash, the application of a 35% gross profit estimate on that alleged cash receipt was rejected and the estimated addition was deleted. Case-Laws Income Tax Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788025