https://www.taxtmi.com/caselaws?id=796596 Unaccounted sales evidenced by seized accounting data were treated as warranting an addition limited to the estimated profit element rather than the full receipts, because the material also indicated unrecorded purchases. Without an item-wise stock register or correlation between unaccounted sales and purchases, a lower profit estimate was considered inadequate. The possibility that costs of some stock had already been recorded while related sales were omitted supported estimating profit at 8% of unaccounted sales or receipts. en-us Fri, 31 Jul 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796596 Unaccounted sales evidenced by seized accounting data were treated as warranting an addition limited to the estimated profit element rather than the full receipts, because the material also indicated unrecorded purchases. Without an item-wise stock register or correlation between unaccounted sales and purchases, a lower profit estimate was considered inadequate. The possibility that costs of some stock had already been recorded while related sales were omitted supported estimating profit at 8% of unaccounted sales or receipts. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796596