https://www.taxtmi.com/caselaws?id=472455 Estimated additions for undisclosed trading receipts require a proportionate basis where incomplete cold-storage withdrawal records do not justify treating a substantial share of withdrawals as the assessee's own trading activity. The estimated addition was restricted to Rs. 10 lakh, with the balance deleted. Loading and unloading expenses and interest on advances to farmers, initially disallowed on the same estimated trading basis, required corresponding reduction. The disallowance was recomputed at 5%, resulting in consequential recomputation of income. en-us Tue, 22 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472455 Estimated additions for undisclosed trading receipts require a proportionate basis where incomplete cold-storage withdrawal records do not justify treating a substantial share of withdrawals as the assessee's own trading activity. The estimated addition was restricted to Rs. 10 lakh, with the balance deleted. Loading and unloading expenses and interest on advances to farmers, initially disallowed on the same estimated trading basis, required corresponding reduction. The disallowance was recomputed at 5%, resulting in consequential recomputation of income. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472455