https://www.taxtmi.com/caselaws?id=470299 Suppressed-sales additions based solely on differences between SAP sales data and returned sales require reconciliation across all relevant accounting modules and ledgers. The analysis states that sales returns, free-of-cost invoices, credit notes, discounts, price differences, other product sales and service sales must be considered before determining reported sales. For AY 2016-17, reconciled sales matched returned sales after correcting an arithmetical error. For AY 2018-19, complete reconciliation reduced the difference and limited profit addition to the applicable gross-profit rate; supporting ledgers, vouchers, party-wise details and indirect-tax reconciliations were not found defective. en-us Wed, 19 Mar 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470299 Suppressed-sales additions based solely on differences between SAP sales data and returned sales require reconciliation across all relevant accounting modules and ledgers. The analysis states that sales returns, free-of-cost invoices, credit notes, discounts, price differences, other product sales and service sales must be considered before determining reported sales. For AY 2016-17, reconciled sales matched returned sales after correcting an arithmetical error. For AY 2018-19, complete reconciliation reduced the difference and limited profit addition to the applicable gross-profit rate; supporting ledgers, vouchers, party-wise details and indirect-tax reconciliations were not found defective. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470299