https://www.taxtmi.com/caselaws?id=469411 Additions based on outstanding receivables, alleged commodity-trading profit, estimated brokerage, and supposed capital infusion were found unsustainable where the supporting material was unverified, not confronted to the assessee, and not independently corroborated. Mere receivables could not be treated as income without proof of source or nature; estimated profit could not be added without showing book unreliability or suppression; brokerage income could not rest on assumption without evidence of turnover or rate; and funds recorded as unsecured loans could not be recharacterised as capital infusion when already examined in assessment. en-us Thu, 06 Mar 2025 00:00:00 +0530 Tue, 16 Jun 2026 12:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469411 Additions based on outstanding receivables, alleged commodity-trading profit, estimated brokerage, and supposed capital infusion were found unsustainable where the supporting material was unverified, not confronted to the assessee, and not independently corroborated. Mere receivables could not be treated as income without proof of source or nature; estimated profit could not be added without showing book unreliability or suppression; brokerage income could not rest on assumption without evidence of turnover or rate; and funds recorded as unsecured loans could not be recharacterised as capital infusion when already examined in assessment. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469411