https://www.taxtmi.com/caselaws?id=792557 Where sales were accepted and only the purchases were doubted as unverified or from unaccounted sources, the entire purchase value could not be added under section 69C; only the profit element embedded in those purchases was taxable because taxing the gross amount would distort real income. Search material was treated as primary evidence and statements under section 132(4) as corroborative, so denial of cross-examination did not invalidate the addition, although the quantum still had to be confined to a reasonable profit estimate. en-us Fri, 24 Apr 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792557 Where sales were accepted and only the purchases were doubted as unverified or from unaccounted sources, the entire purchase value could not be added under section 69C; only the profit element embedded in those purchases was taxable because taxing the gross amount would distort real income. Search material was treated as primary evidence and statements under section 132(4) as corroborative, so denial of cross-examination did not invalidate the addition, although the quantum still had to be confined to a reasonable profit estimate. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792557