https://www.taxtmi.com/caselaws?id=788592 Additions based on alleged clandestine sales and corresponding unexplained investment could not be sustained once the underlying allegation of suppressed removal failed in related excise proceedings. The Tribunal held that the impugned assessment rested entirely on that factual foundation, including the estimate of gross profit and unaccounted capital, and therefore had no independent basis to survive. On that footing, the additions were deleted and the assessee's challenge succeeded. en-us Mon, 23 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788592 Additions based on alleged clandestine sales and corresponding unexplained investment could not be sustained once the underlying allegation of suppressed removal failed in related excise proceedings. The Tribunal held that the impugned assessment rested entirely on that factual foundation, including the estimate of gross profit and unaccounted capital, and therefore had no independent basis to survive. On that footing, the additions were deleted and the assessee's challenge succeeded. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788592