https://www.taxtmi.com/caselaws?id=788524 The ITAT Raipur held that an addition made by applying a net profit rate of 21.67% on alleged turnover was not properly supported, as it was not based on comparable cases or the assessee's past profit history and the appellate order was non-speaking. That issue was remanded for fresh consideration. On the unexplained-money addition under section 69A, the refusal to admit additional evidence was found unsatisfactory, and the assessee was to be given an opportunity to produce the evidence and be heard afresh. The matter was restored to the appellate authority for reconsideration on merits, with relief granted only for statistical purposes. en-us Fri, 20 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788524 The ITAT Raipur held that an addition made by applying a net profit rate of 21.67% on alleged turnover was not properly supported, as it was not based on comparable cases or the assessee's past profit history and the appellate order was non-speaking. That issue was remanded for fresh consideration. On the unexplained-money addition under section 69A, the refusal to admit additional evidence was found unsatisfactory, and the assessee was to be given an opportunity to produce the evidence and be heard afresh. The matter was restored to the appellate authority for reconsideration on merits, with relief granted only for statistical purposes. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788524