https://www.taxtmi.com/caselaws?id=797375 Matched accommodation purchase-and-sale entries recorded on a one-to-one quantitative basis in unrejected books do not justify a further ad hoc gross-profit addition where the disclosed transaction profit has already been taxed. Additional profit estimation requires support such as rejected books, quantitative discrepancies, undisclosed procurement, or evidence of indirect-tax benefit. A gross-profit rate derived from manufacturing activity, involving value addition and overheads, cannot be applied to trading or accommodation transactions merely to estimate further income. Where corresponding sales are recorded and no unaccounted purchases or undisclosed sources are established, the trading margin disclosed remains the relevant basis. en-us Mon, 10 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797375 Matched accommodation purchase-and-sale entries recorded on a one-to-one quantitative basis in unrejected books do not justify a further ad hoc gross-profit addition where the disclosed transaction profit has already been taxed. Additional profit estimation requires support such as rejected books, quantitative discrepancies, undisclosed procurement, or evidence of indirect-tax benefit. A gross-profit rate derived from manufacturing activity, involving value addition and overheads, cannot be applied to trading or accommodation transactions merely to estimate further income. Where corresponding sales are recorded and no unaccounted purchases or undisclosed sources are established, the trading margin disclosed remains the relevant basis. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797375