https://www.taxtmi.com/caselaws?id=470599 De novo remand after admission of legal additional grounds and completion of remand proceedings was treated as unwarranted, requiring appellate adjudication. Business income estimated through a gross-profit rate could not also include a separate addition for commission already recorded in the profit and loss account, preventing duplication. Partners' explained capital contributions could not ordinarily be assessed as unexplained credits in the firm's hands; any enquiry lay in the partners' individual assessments. Unsecured loans supported by confirmations, tax identifiers, bank records and tax returns could not be treated as unexplained, except for two unsupported creditors. The gross-profit addition and the unexplained-credit addition relating to those creditors remained sustainable. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 31 Jul 2026 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470599 De novo remand after admission of legal additional grounds and completion of remand proceedings was treated as unwarranted, requiring appellate adjudication. Business income estimated through a gross-profit rate could not also include a separate addition for commission already recorded in the profit and loss account, preventing duplication. Partners' explained capital contributions could not ordinarily be assessed as unexplained credits in the firm's hands; any enquiry lay in the partners' individual assessments. Unsecured loans supported by confirmations, tax identifiers, bank records and tax returns could not be treated as unexplained, except for two unsupported creditors. The gross-profit addition and the unexplained-credit addition relating to those creditors remained sustainable. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470599