https://www.taxtmi.com/caselaws?id=467471 Addition under section 69C was confined to the embedded profit element where the taxpayer produced supplier confirmations, responded to section 133(6) notices, paid through account payee banking channels and participated in reassessment proceedings; sales declared were undisputed. Applying evidentiary scrutiny, the factual matrix and source verification made treating entire purchases as unexplained inappropriate, so the assessing officer's full disallowance was reduced and the addition limited to 7% of disputed purchases with the balance deleted. en-us Thu, 14 Aug 2025 00:00:00 +0530 Sat, 14 Mar 2026 13:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467471 Addition under section 69C was confined to the embedded profit element where the taxpayer produced supplier confirmations, responded to section 133(6) notices, paid through account payee banking channels and participated in reassessment proceedings; sales declared were undisputed. Applying evidentiary scrutiny, the factual matrix and source verification made treating entire purchases as unexplained inappropriate, so the assessing officer's full disallowance was reduced and the addition limited to 7% of disputed purchases with the balance deleted. Case-Laws Income Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467471