https://www.taxtmi.com/caselaws?id=467363 Extrapolation of sporadic seized notings to an assessee's entire turnover is impermissible without independent corroboration; estimations must rest on a rational evidentiary basis. In the present matter the seized records supported additions only to the amounts specifically recorded therein and to the profit element derived from those unaccounted sales, whereas the assessing officer's application of an average unaccounted-sales ratio to total book turnover produced an implausible, unsupported net-profit result. Operatively, additions were confined to the confirmed profit element from seized unaccounted sales and the broader extrapolation was rejected. en-us Wed, 21 Feb 2024 00:00:00 +0530 Mon, 16 Mar 2026 15:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467363 Extrapolation of sporadic seized notings to an assessee's entire turnover is impermissible without independent corroboration; estimations must rest on a rational evidentiary basis. In the present matter the seized records supported additions only to the amounts specifically recorded therein and to the profit element derived from those unaccounted sales, whereas the assessing officer's application of an average unaccounted-sales ratio to total book turnover produced an implausible, unsupported net-profit result. Operatively, additions were confined to the confirmed profit element from seized unaccounted sales and the broader extrapolation was rejected. Case-Laws Income Tax Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467363