https://www.taxtmi.com/caselaws?id=799498 Undisclosed real-estate sale receipts constitute gross collections, so where no evidence shows that corresponding costs or investments were also undisclosed, taxability is confined to the embedded profit; the prior profit estimate was accepted as adequate. Likewise, non-genuine purchase invoices do not justify disallowing the full purchase value when material consumption, construction activity, sales and book results remain accepted; only the grey-market saving or embedded profit may be estimated. Seized electronic data certified under the Evidence Act and corroborated by unretracted search statements remain admissible and reliable. A delayed, unsupported retraction does not displace their evidentiary value. en-us Mon, 06 Jul 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799498 Undisclosed real-estate sale receipts constitute gross collections, so where no evidence shows that corresponding costs or investments were also undisclosed, taxability is confined to the embedded profit; the prior profit estimate was accepted as adequate. Likewise, non-genuine purchase invoices do not justify disallowing the full purchase value when material consumption, construction activity, sales and book results remain accepted; only the grey-market saving or embedded profit may be estimated. Seized electronic data certified under the Evidence Act and corroborated by unretracted search statements remain admissible and reliable. A delayed, unsupported retraction does not displace their evidentiary value. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799498