https://www.taxtmi.com/caselaws?id=793086 Where business income was above the presumptive rate under section 44AD, an estimated disallowance of expenditure was held unwarranted because separate books and detailed proof of each expense were not required on these facts; the deletion of the business addition was upheld. Jewellery found during search was also treated as explained because it was covered by the husband's prior disclosure before the Settlement Commission, supported by cash-flow and purchase details, and the disclosed value exceeded the jewellery found; the addition for unexplained investment was deleted. The assessee therefore succeeded on both disputed additions. en-us Fri, 08 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793086 Where business income was above the presumptive rate under section 44AD, an estimated disallowance of expenditure was held unwarranted because separate books and detailed proof of each expense were not required on these facts; the deletion of the business addition was upheld. Jewellery found during search was also treated as explained because it was covered by the husband's prior disclosure before the Settlement Commission, supported by cash-flow and purchase details, and the disclosed value exceeded the jewellery found; the addition for unexplained investment was deleted. The assessee therefore succeeded on both disputed additions. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793086