https://www.taxtmi.com/caselaws?id=790560 Where purchases and stock movement are supported by purchase documents, quantitative records and evidence of goods movement, an addition based only on suspicion, third-party non-response or later cancellation of registration is not justified; the absence of rejection of books or a best-judgment assessment also weakens any estimated profit addition, so the estimated 8% profit addition was deleted. Where a supplier ledger balance is supported by invoices, ledger entries and bank payment evidence, and the tax authority brings no contrary factual finding to show an unreconciled liability difference, an adverse excess-payable addition cannot stand, so that addition was also deleted. en-us Fri, 24 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790560 Where purchases and stock movement are supported by purchase documents, quantitative records and evidence of goods movement, an addition based only on suspicion, third-party non-response or later cancellation of registration is not justified; the absence of rejection of books or a best-judgment assessment also weakens any estimated profit addition, so the estimated 8% profit addition was deleted. Where a supplier ledger balance is supported by invoices, ledger entries and bank payment evidence, and the tax authority brings no contrary factual finding to show an unreconciled liability difference, an adverse excess-payable addition cannot stand, so that addition was also deleted. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790560