https://www.taxtmi.com/caselaws?id=790416 An addition for alleged under-valuation of export sales was found unsustainable where the valuation report was prepared only from documents on record, without physical inspection of the goods. The export transactions had already been appraised by customs, no objection was raised to the declared value, and there was no independent evidence of undisclosed receipts or under-invoiced sales. On those facts, the marginal valuation difference was treated as a notional estimate rather than a reliable basis for income addition, and the Revenue's challenge failed. en-us Wed, 22 Apr 2026 00:00:00 +0530 Fri, 24 Apr 2026 08:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790416 An addition for alleged under-valuation of export sales was found unsustainable where the valuation report was prepared only from documents on record, without physical inspection of the goods. The export transactions had already been appraised by customs, no objection was raised to the declared value, and there was no independent evidence of undisclosed receipts or under-invoiced sales. On those facts, the marginal valuation difference was treated as a notional estimate rather than a reliable basis for income addition, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790416