https://www.taxtmi.com/caselaws?id=790420 Cash purchases found during search were treated as undisclosed business turnover, not as the entire amount of unexplained expenditure under section 69C. The Tribunal noted that the assessee did not maintain regular books and that departmental material indicated unaccounted purchases, but it accepted that the proper tax treatment was to estimate profit from the suppressed turnover. Applying the trade practice and case facts, it directed income to be computed at 5% of the undisclosed turnover, so the full addition was not sustained and relief followed for the assessee. en-us Wed, 22 Apr 2026 00:00:00 +0530 Fri, 24 Apr 2026 08:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790420 Cash purchases found during search were treated as undisclosed business turnover, not as the entire amount of unexplained expenditure under section 69C. The Tribunal noted that the assessee did not maintain regular books and that departmental material indicated unaccounted purchases, but it accepted that the proper tax treatment was to estimate profit from the suppressed turnover. Applying the trade practice and case facts, it directed income to be computed at 5% of the undisclosed turnover, so the full addition was not sustained and relief followed for the assessee. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790420