https://www.taxtmi.com/caselaws?id=795517 Unrecorded garment-export receipts evidenced by seized slips, token notes, freight entries and WhatsApp chats are treated as business turnover, so only the profit embedded in those receipts is taxable; the stated analysis applies a 1% gross-profit rate. Alleged cash salary cannot be treated as unexplained expenditure where the recipient's statements are contradictory, the payer made no admission, and cross-examination supports denial of payment. Cash, a gold coin and foreign currency found in search are not unexplained money where book balances, gift explanation and ownership confirmation remain unrebutted. Corresponding salary additions in the alleged recipient's assessments fail because the underlying payment is unproved. en-us Tue, 14 Jul 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795517 Unrecorded garment-export receipts evidenced by seized slips, token notes, freight entries and WhatsApp chats are treated as business turnover, so only the profit embedded in those receipts is taxable; the stated analysis applies a 1% gross-profit rate. Alleged cash salary cannot be treated as unexplained expenditure where the recipient's statements are contradictory, the payer made no admission, and cross-examination supports denial of payment. Cash, a gold coin and foreign currency found in search are not unexplained money where book balances, gift explanation and ownership confirmation remain unrebutted. Corresponding salary additions in the alleged recipient's assessments fail because the underlying payment is unproved. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795517