https://www.taxtmi.com/caselaws?id=792430 Unaccounted sales were treated as taxable only to the extent of profit embedded in those receipts, and the gross profit-based additions were sustained. A separate addition for unexplained expenditure linked to the same sales was deleted because it would amount to double taxation of the same income element. The deletion of the addition relating to alleged scrap sales was upheld on the factual finding that the scrap sales were already recorded in the books and no rebuttal material was produced. A Revenue challenge on alleged salary expenses failed because the assessment order contained no corresponding addition on that count. en-us Fri, 22 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792430 Unaccounted sales were treated as taxable only to the extent of profit embedded in those receipts, and the gross profit-based additions were sustained. A separate addition for unexplained expenditure linked to the same sales was deleted because it would amount to double taxation of the same income element. The deletion of the addition relating to alleged scrap sales was upheld on the factual finding that the scrap sales were already recorded in the books and no rebuttal material was produced. A Revenue challenge on alleged salary expenses failed because the assessment order contained no corresponding addition on that count. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792430