https://www.taxtmi.com/caselaws?id=469708 Following the assessee's own earlier years, the Tribunal applied consistency and upheld estimation of suppressed turnover with profit restricted to 12.5% on that turnover. Additions for alleged undisclosed payments were not sustained because the books and seized electronic records needed factual verification before any final finding. The addition relating to cash found during search was also set aside, as it could not stand without examining the books of account and the seized hard disk material. The matter on these two items was remitted to the Assessing Officer for fresh verification, while the 12.5% profit estimation was left undisturbed. en-us Tue, 28 Feb 2023 00:00:00 +0530 Tue, 30 Jun 2026 15:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469708 Following the assessee's own earlier years, the Tribunal applied consistency and upheld estimation of suppressed turnover with profit restricted to 12.5% on that turnover. Additions for alleged undisclosed payments were not sustained because the books and seized electronic records needed factual verification before any final finding. The addition relating to cash found during search was also set aside, as it could not stand without examining the books of account and the seized hard disk material. The matter on these two items was remitted to the Assessing Officer for fresh verification, while the 12.5% profit estimation was left undisturbed. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469708