https://www.taxtmi.com/highlights?id=102910 Gross profit additions on matched purchase-and-sale accommodation entries are unwarranted where the transaction profit has already been recorded and offered to tax. Estimating further profit solely from the purchase side is unsupported when books of account remain unrejected and quantitative records show no discrepancy. A gross profit rate derived from manufacturing activity cannot be applied to trading or accommodation transactions, because manufacturing margins reflect processing, labour and overheads not present in trading. In the absence of evidence of undisclosed procurement or genuine sales supported by unaccounted purchases, no further gross profit estimation is sustainable. en-us Fri, 21 Aug 2026 08:28:05 +0530 Fri, 21 Aug 2026 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102910 Gross profit additions on matched purchase-and-sale accommodation entries are unwarranted where the transaction profit has already been recorded and offered to tax. Estimating further profit solely from the purchase side is unsupported when books of account remain unrejected and quantitative records show no discrepancy. A gross profit rate derived from manufacturing activity cannot be applied to trading or accommodation transactions, because manufacturing margins reflect processing, labour and overheads not present in trading. In the absence of evidence of undisclosed procurement or genuine sales supported by unaccounted purchases, no further gross profit estimation is sustainable. Highlights Income Tax Fri, 21 Aug 2026 08:28:05 +0530 https://www.taxtmi.com/highlights?id=102910