https://www.taxtmi.com/caselaws?id=788265 Seized loose papers lacking essential transactional particulars and without independent corroboration cannot alone justify rejection of audited books of account or estimation of undisclosed sales; where the seized sheets omitted party names, quantities, rates, delivery and payment details, were treated as personal dealings by the custodian and were not supported by transport documents, delivery challans, confirmations, unrecorded cash receipts or stock discrepancies, treating them as reliable evidence of unrecorded sales was legally unsound. Operative effect: the addition based on estimated gross profit on those alleged unaccounted sales is unsustainable and is deleted, with the revenue appeal dismissed. en-us Mon, 16 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788265 Seized loose papers lacking essential transactional particulars and without independent corroboration cannot alone justify rejection of audited books of account or estimation of undisclosed sales; where the seized sheets omitted party names, quantities, rates, delivery and payment details, were treated as personal dealings by the custodian and were not supported by transport documents, delivery challans, confirmations, unrecorded cash receipts or stock discrepancies, treating them as reliable evidence of unrecorded sales was legally unsound. Operative effect: the addition based on estimated gross profit on those alleged unaccounted sales is unsustainable and is deleted, with the revenue appeal dismissed. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788265