https://www.taxtmi.com/caselaws?id=789757 Where alleged unaccounted purchases and sales were interlinked with no separate stock discrepancy or independent source, only the income element could be taxed by estimating profit, not the full purchase or sales figures. The Tribunal deleted protective additions on alleged unaccounted purchases and confined substantive additions to 3% of the relevant turnover or collections. It also held that additions for alleged out-of-book sales, cash advances, unexplained cash expenditure and cash found during search could not be sustained separately once recorded cash availability and telescoping were accepted; those items were deleted or restricted to the estimated profit element. The remaining additions were sustained only to that limited extent. en-us Wed, 08 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789757 Where alleged unaccounted purchases and sales were interlinked with no separate stock discrepancy or independent source, only the income element could be taxed by estimating profit, not the full purchase or sales figures. The Tribunal deleted protective additions on alleged unaccounted purchases and confined substantive additions to 3% of the relevant turnover or collections. It also held that additions for alleged out-of-book sales, cash advances, unexplained cash expenditure and cash found during search could not be sustained separately once recorded cash availability and telescoping were accepted; those items were deleted or restricted to the estimated profit element. The remaining additions were sustained only to that limited extent. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789757