https://www.taxtmi.com/caselaws?id=794667 Undisclosed purchases were required to be benchmarked against the assessee's overall gross profit trend, and the estimate was moderated where the comparative results of earlier and later years supported a lower rate. The dispute concerned only the appropriate profit rate on such purchases, with the lower authorities having applied 8% gross profit. On review of the surrounding facts and past and subsequent gross profit levels, the addition was restricted to 2% of total purchases, reflecting partial relief to the assessee. en-us Thu, 25 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794667 Undisclosed purchases were required to be benchmarked against the assessee's overall gross profit trend, and the estimate was moderated where the comparative results of earlier and later years supported a lower rate. The dispute concerned only the appropriate profit rate on such purchases, with the lower authorities having applied 8% gross profit. On review of the surrounding facts and past and subsequent gross profit levels, the addition was restricted to 2% of total purchases, reflecting partial relief to the assessee. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794667