https://www.taxtmi.com/caselaws?id=797078 Where regular books, audited accounts, stock records, sales bills, ledger accounts and bank receipts remain unrejected, entire disputed sales cannot be assessed as unexplained income merely on third-party investigation findings. In the absence of cross-examination of material witnesses and a finding that the taxpayer's documentary evidence was unacceptable, the accepted trading and sales records support taxation only of the embedded profit or commission element. Commission income at 0.5% of the impugned purchases is taxable, and additions based on the full disputed sales are modified accordingly. en-us Fri, 07 Aug 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797078 Where regular books, audited accounts, stock records, sales bills, ledger accounts and bank receipts remain unrejected, entire disputed sales cannot be assessed as unexplained income merely on third-party investigation findings. In the absence of cross-examination of material witnesses and a finding that the taxpayer's documentary evidence was unacceptable, the accepted trading and sales records support taxation only of the embedded profit or commission element. Commission income at 0.5% of the impugned purchases is taxable, and additions based on the full disputed sales are modified accordingly. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797078