https://www.taxtmi.com/caselaws?id=789950 Limited trading activity in building material was sufficient to show that the assessee had carried on some business during the year, but the record did not fully support the entirety of the claimed expenditure as wholly business-related. Because substantial receipts were from house property and there was overlap between business expenses and house property outgoings, a further lump sum disallowance on estimate was considered appropriate. The disallowance was therefore restricted to an additional estimated addition of Rs. 1,00,000, with relief granted to that extent. en-us Tue, 24 Mar 2026 00:00:00 +0530 Fri, 17 Apr 2026 08:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789950 Limited trading activity in building material was sufficient to show that the assessee had carried on some business during the year, but the record did not fully support the entirety of the claimed expenditure as wholly business-related. Because substantial receipts were from house property and there was overlap between business expenses and house property outgoings, a further lump sum disallowance on estimate was considered appropriate. The disallowance was therefore restricted to an additional estimated addition of Rs. 1,00,000, with relief granted to that extent. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789950