https://www.taxtmi.com/caselaws?id=801053 Identified unrecorded sales constitute business turnover, not unexplained money taxable in full; taxability is confined to a 5% profit estimate after removing duplicated sales. Cash salaries and supplier payments connected with the same unrecorded trading activity are subsumed in that estimate and cannot be separately added without a distinct source or expenditure, avoiding double addition. Alleged cash investment requires reliable evidence identifying the payer, payment and relevant year; common workbook entries and statutory presumptions alone are insufficient. Accounted cash and explained trading realisations are not unexplained money. For stock, only the physical-to-book valuation difference is considered, with overlap eliminated. en-us Tue, 29 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801053 Identified unrecorded sales constitute business turnover, not unexplained money taxable in full; taxability is confined to a 5% profit estimate after removing duplicated sales. Cash salaries and supplier payments connected with the same unrecorded trading activity are subsumed in that estimate and cannot be separately added without a distinct source or expenditure, avoiding double addition. Alleged cash investment requires reliable evidence identifying the payer, payment and relevant year; common workbook entries and statutory presumptions alone are insufficient. Accounted cash and explained trading realisations are not unexplained money. For stock, only the physical-to-book valuation difference is considered, with overlap eliminated. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801053