https://www.taxtmi.com/caselaws?id=472136 Suppressed sales represent gross trading receipts, not taxable income in their entirety, because they include the cost of goods as well as profit. Matching purchase data across two software systems established only invoice-backed recorded purchases and did not rule out unbilled cash purchases; barcoding independently controlled inventory. In the absence of supplier evidence, payment trails, audit logs, undisclosed cash, excess stock, or assets supporting a 100% margin or higher profit rate, only the gross-profit element in the unrecorded turnover was taxable. Additions of the full suppressed-sales value were deleted, while income offered on a gross-profit basis was accepted. en-us Wed, 04 Feb 2026 00:00:00 +0530 Wed, 30 Sep 2026 13:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472136 Suppressed sales represent gross trading receipts, not taxable income in their entirety, because they include the cost of goods as well as profit. Matching purchase data across two software systems established only invoice-backed recorded purchases and did not rule out unbilled cash purchases; barcoding independently controlled inventory. In the absence of supplier evidence, payment trails, audit logs, undisclosed cash, excess stock, or assets supporting a 100% margin or higher profit rate, only the gross-profit element in the unrecorded turnover was taxable. Additions of the full suppressed-sales value were deleted, while income offered on a gross-profit basis was accepted. Case-Laws Income Tax Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472136