https://www.taxtmi.com/caselaws?id=472643 Estimated additions for undisclosed sales require a factual nexus between cash-balance differences and unrecorded turnover; applying a profit rate to an unexplained difference alone is insufficient. A bad-debt deduction is available where the debt is written off as irrecoverable in the accounts, without requiring proof of actual irrecoverability where supporting particulars are available. Notional interest cannot be imputed on business advances merely from balance-sheet figures when recorded interest, the nature of advances, and customer advances have not been considered. These principles preclude additions based on presumption or unsupported estimation. en-us Tue, 22 Apr 2025 00:00:00 +0530 Mon, 19 Oct 2026 19:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472643 Estimated additions for undisclosed sales require a factual nexus between cash-balance differences and unrecorded turnover; applying a profit rate to an unexplained difference alone is insufficient. A bad-debt deduction is available where the debt is written off as irrecoverable in the accounts, without requiring proof of actual irrecoverability where supporting particulars are available. Notional interest cannot be imputed on business advances merely from balance-sheet figures when recorded interest, the nature of advances, and customer advances have not been considered. These principles preclude additions based on presumption or unsupported estimation. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472643