https://www.taxtmi.com/caselaws?id=799041 Income-tax additions for alleged unrecorded coal purchases require independent evidence linking third-party search material to the taxpayer. Where books are not rejected and no abnormality in production, consumption, input-output ratios or recorded sales is established, a net-profit estimate based on suspected outside-the-books trading is speculative and cannot stand. Likewise, alleged under-invoicing of mill-scale sales cannot be established solely through a retracted statement and CCTV footage when the cash is recorded and supported by available cash balances. Additions based on uncorroborated material, retracted statements and presumptive estimations are deleted. en-us Fri, 11 Sep 2026 00:00:00 +0530 Wed, 16 Sep 2026 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799041 Income-tax additions for alleged unrecorded coal purchases require independent evidence linking third-party search material to the taxpayer. Where books are not rejected and no abnormality in production, consumption, input-output ratios or recorded sales is established, a net-profit estimate based on suspected outside-the-books trading is speculative and cannot stand. Likewise, alleged under-invoicing of mill-scale sales cannot be established solely through a retracted statement and CCTV footage when the cash is recorded and supported by available cash balances. Additions based on uncorroborated material, retracted statements and presumptive estimations are deleted. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799041