https://www.taxtmi.com/caselaws?id=469918 Unexplained purchase additions require examination of the assessee's reconciliation and surrounding evidence; mere third-party mismatch or non-response is insufficient to sustain the full disallowance, while unsupported claims against non-served suppliers may still be upheld or verified further. A short-claimed deduction for capital expenditure under section 35(2AB) may be allowed where entitlement is otherwise established and the omission is an inadvertent mistake, subject to document verification. For book profit under section 115JB, profit on sale of subsidiary shares cannot be taxed as a notional gain unless the underlying transfer actually fructified; incomplete records may justify fresh examination and remand. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 08 Jul 2026 20:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469918 Unexplained purchase additions require examination of the assessee's reconciliation and surrounding evidence; mere third-party mismatch or non-response is insufficient to sustain the full disallowance, while unsupported claims against non-served suppliers may still be upheld or verified further. A short-claimed deduction for capital expenditure under section 35(2AB) may be allowed where entitlement is otherwise established and the omission is an inadvertent mistake, subject to document verification. For book profit under section 115JB, profit on sale of subsidiary shares cannot be taxed as a notional gain unless the underlying transfer actually fructified; incomplete records may justify fresh examination and remand. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469918