https://www.taxtmi.com/caselaws?id=798016 Where construction activity, sales, work-in-progress and material consumption establish that goods were procured, inability to conclusively verify the named supplier does not justify adding the entire purchase amount as unexplained expenditure. Invoices, ledger entries and banking-channel payments may not prove supplier identity without delivery or receipt evidence; however, absent rejected books, cash-back evidence or transaction-specific proof of non-supply, taxation is confined to the profit element arising from procurement through unverified sources. Taxation is limited to a 12.5% profit-element addition, with the balance excluded. en-us Wed, 19 Aug 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798016 Where construction activity, sales, work-in-progress and material consumption establish that goods were procured, inability to conclusively verify the named supplier does not justify adding the entire purchase amount as unexplained expenditure. Invoices, ledger entries and banking-channel payments may not prove supplier identity without delivery or receipt evidence; however, absent rejected books, cash-back evidence or transaction-specific proof of non-supply, taxation is confined to the profit element arising from procurement through unverified sources. Taxation is limited to a 12.5% profit-element addition, with the balance excluded. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798016