https://www.taxtmi.com/caselaws?id=798085 Rule 27 of the Income-tax (Appellate Tribunal) Rules, 1963 permits a respondent to support an appellate order on a ground decided adversely against it without filing a separate appeal or cross-objection, including a reassessment-validity challenge where the material facts are already on record. For an addition under Section 68 based on alleged fictitious profits from client code modifications, contract notes, broker records, bank statements and transaction details may establish the recorded nature of the profits. General investigation information and allegations concerning a trading platform do not establish unexplained income without independent evidence linking the assessee's transactions to undisclosed income, broker collusion, or false documentation. en-us Wed, 05 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798085 Rule 27 of the Income-tax (Appellate Tribunal) Rules, 1963 permits a respondent to support an appellate order on a ground decided adversely against it without filing a separate appeal or cross-objection, including a reassessment-validity challenge where the material facts are already on record. For an addition under Section 68 based on alleged fictitious profits from client code modifications, contract notes, broker records, bank statements and transaction details may establish the recorded nature of the profits. General investigation information and allegations concerning a trading platform do not establish unexplained income without independent evidence linking the assessee's transactions to undisclosed income, broker collusion, or false documentation. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798085