https://www.taxtmi.com/caselaws?id=791413 Ad hoc profit enhancement requires rejection of books or specific evidence that accounts are incorrect, incomplete or unreliable; a decline in profit rate and isolated voucher concerns do not justify estimating net profit without a scientific basis. Business expansion and delivery-related expenses may provide a commercial explanation. For unsecured family loans, section 68 is satisfied where lender identity is undisputed, transactions are genuine, and a plausible source of funds is shown. Creditworthiness cannot be assessed solely against one year's income, and interest-free or informal family arrangements alone do not justify an adverse inference. en-us Fri, 08 May 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791413 Ad hoc profit enhancement requires rejection of books or specific evidence that accounts are incorrect, incomplete or unreliable; a decline in profit rate and isolated voucher concerns do not justify estimating net profit without a scientific basis. Business expansion and delivery-related expenses may provide a commercial explanation. For unsecured family loans, section 68 is satisfied where lender identity is undisputed, transactions are genuine, and a plausible source of funds is shown. Creditworthiness cannot be assessed solely against one year's income, and interest-free or informal family arrangements alone do not justify an adverse inference. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791413