https://www.taxtmi.com/caselaws?id=800643 APMC cess paid on consignment goods by a del credere commission agent does not make consignors' sales the agent's turnover where records reconcile cess with consignors' transactions; the estimated profit addition and book rejection were therefore not sustained. Agency character alone does not discharge the burden to substantiate sundry debtor and creditor balances with details and confirmations, requiring fresh verification. A Rule 46A(3) objection fails where no specific additional evidence is identified. Unsupported loans, advances and deposits require examination of source, nature and genuineness; deletion without missing details was not sustainable and the addition was restored. en-us Thu, 04 Jun 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800643 APMC cess paid on consignment goods by a del credere commission agent does not make consignors' sales the agent's turnover where records reconcile cess with consignors' transactions; the estimated profit addition and book rejection were therefore not sustained. Agency character alone does not discharge the burden to substantiate sundry debtor and creditor balances with details and confirmations, requiring fresh verification. A Rule 46A(3) objection fails where no specific additional evidence is identified. Unsupported loans, advances and deposits require examination of source, nature and genuineness; deletion without missing details was not sustainable and the addition was restored. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800643