https://www.taxtmi.com/caselaws?id=472119 Capital work-in-progress not charged to the profit-and-loss account is capital expenditure and cannot support a percentage disallowance without evidence of an inadmissible charge. Audited books not rejected cannot support ad hoc expense disallowances based solely on increased expenditure or alleged missing bills. Likewise, supplier non-filing or non-response to statutory notices does not itself disprove purchases; estimated purchase additions require rejection of books under the applicable statutory mechanism. Tax additions cannot rest on presumption, ad hoc percentages, or supplier non-response where revenue expenditure is not claimed or accounts remain unrejected. en-us Tue, 16 Sep 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472119 Capital work-in-progress not charged to the profit-and-loss account is capital expenditure and cannot support a percentage disallowance without evidence of an inadmissible charge. Audited books not rejected cannot support ad hoc expense disallowances based solely on increased expenditure or alleged missing bills. Likewise, supplier non-filing or non-response to statutory notices does not itself disprove purchases; estimated purchase additions require rejection of books under the applicable statutory mechanism. Tax additions cannot rest on presumption, ad hoc percentages, or supplier non-response where revenue expenditure is not claimed or accounts remain unrejected. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472119