https://www.taxtmi.com/caselaws?id=797382 Bank-deposit and reported-turnover mismatches require examination of the nature and source of each credit; an aggregate comparison with GST turnover cannot by itself support unexplained-money additions. Sales receipts, inter-bank transfers, capital entries, contra entries and redeposits must be reconciled to prevent double taxation. Business-profit estimation must rest on the nature of business, past results, comparable cases or other supporting material, rather than an arbitrary rate. Delay in filing may be condoned and relevant additional evidence admitted where sufficient cause and material relevance are established. A purported motor-vehicle sale generating short-term capital gain requires verification where tax-collected-at-source records prima facie indicate a purchase. en-us Wed, 12 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797382 Bank-deposit and reported-turnover mismatches require examination of the nature and source of each credit; an aggregate comparison with GST turnover cannot by itself support unexplained-money additions. Sales receipts, inter-bank transfers, capital entries, contra entries and redeposits must be reconciled to prevent double taxation. Business-profit estimation must rest on the nature of business, past results, comparable cases or other supporting material, rather than an arbitrary rate. Delay in filing may be condoned and relevant additional evidence admitted where sufficient cause and material relevance are established. A purported motor-vehicle sale generating short-term capital gain requires verification where tax-collected-at-source records prima facie indicate a purchase. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797382