https://www.taxtmi.com/caselaws?id=788912 Additions based on alleged unaccounted sales and purchases, and on trade payables and advances to sister concerns treated as bogus, were sustained because the assessee failed to produce credible documentary evidence, primary records, or bank corroboration to rebut the revenue findings. The record showed no material to dislodge the mismatch between declared turnover and reflected transactions, and no substantive proof to controvert the finding that related-party liabilities lacked genuineness. The note reinforces that, where declared transactions or liabilities are not substantiated with reliable evidence, additions for unaccounted income or unexplained amounts will stand. 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 Additions based on alleged unaccounted sales and purchases, and on trade payables and advances to sister concerns treated as bogus, were sustained because the assessee failed to produce credible documentary evidence, primary records, or bank corroboration to rebut the revenue findings. The record showed no material to dislodge the mismatch between declared turnover and reflected transactions, and no substantive proof to controvert the finding that related-party liabilities lacked genuineness. The note reinforces that, where declared transactions or liabilities are not substantiated with reliable evidence, additions for unaccounted income or unexplained amounts will stand. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788912