https://www.taxtmi.com/caselaws?id=788912 Unaccounted sales and purchases may support a profit addition where turnover mismatches and the taxpayer provides no cogent evidence establishing transaction genuineness. Bogus related-party liabilities and advances may also be treated as unexplained income where reliable primary records and bank corroboration are absent, particularly if the funding pattern indicates liabilities were created to generate capital sources. Failure to provide substantive material before appellate forums leaves such factual findings undisturbed. The assessments for both years were sustained on merits, as credible evidence was not produced to substantiate sales, purchases, trade payables, or related-party advances. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 31 Mar 2026 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788912 Unaccounted sales and purchases may support a profit addition where turnover mismatches and the taxpayer provides no cogent evidence establishing transaction genuineness. Bogus related-party liabilities and advances may also be treated as unexplained income where reliable primary records and bank corroboration are absent, particularly if the funding pattern indicates liabilities were created to generate capital sources. Failure to provide substantive material before appellate forums leaves such factual findings undisturbed. The assessments for both years were sustained on merits, as credible evidence was not produced to substantiate sales, purchases, trade payables, or related-party advances. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788912