https://www.taxtmi.com/caselaws?id=468786 Tax additions based on third-party records, incomplete internal data, or database entries require reliable independent corroboration and a clear link to the assessee; unsupported statements, untested notings, assumptions, and selective reliance on partial data cannot substitute proof. Recorded cash deposits during demonetisation cannot be treated as unexplained where invoices, stock records, tax returns, audited books, and quantitative reconciliation support the sales and the books remain unrejected. Wastage-loss and job-work adjustments require evidence of actual unaccounted stock, sales, or payments. Closing stock must be valued at cost or net realisable value, whichever is lower, using contemporaneous realisable-value evidence and consistently applied accounting practice. en-us Thu, 12 Jun 2025 00:00:00 +0530 Wed, 20 May 2026 15:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468786 Tax additions based on third-party records, incomplete internal data, or database entries require reliable independent corroboration and a clear link to the assessee; unsupported statements, untested notings, assumptions, and selective reliance on partial data cannot substitute proof. Recorded cash deposits during demonetisation cannot be treated as unexplained where invoices, stock records, tax returns, audited books, and quantitative reconciliation support the sales and the books remain unrejected. Wastage-loss and job-work adjustments require evidence of actual unaccounted stock, sales, or payments. Closing stock must be valued at cost or net realisable value, whichever is lower, using contemporaneous realisable-value evidence and consistently applied accounting practice. Case-Laws Income Tax Thu, 12 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468786