https://www.taxtmi.com/caselaws?id=796485 Income cannot be estimated solely from a decline in profit ratio where regularly maintained audited books, including sales, purchases and stock records, are accepted and not rejected under section 145(3). Reduced profitability supported by seasonal business conditions, adverse crop conditions, sales returns and exceptional prior-year margins does not justify a low-profit addition without contrary material. Dealer scheme expenses are allowable where scheme details, dealer-wise and transaction-wise workings, credit notes, invoices, ledgers, confirmations, and evidence of settlement or reversal establish that the liability crystallised and directly related to relevant-year sales. Unsupported doubts cannot displace substantiated accounting treatment. en-us Wed, 14 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796485 Income cannot be estimated solely from a decline in profit ratio where regularly maintained audited books, including sales, purchases and stock records, are accepted and not rejected under section 145(3). Reduced profitability supported by seasonal business conditions, adverse crop conditions, sales returns and exceptional prior-year margins does not justify a low-profit addition without contrary material. Dealer scheme expenses are allowable where scheme details, dealer-wise and transaction-wise workings, credit notes, invoices, ledgers, confirmations, and evidence of settlement or reversal establish that the liability crystallised and directly related to relevant-year sales. Unsupported doubts cannot displace substantiated accounting treatment. Case-Laws Income Tax Wed, 14 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796485