Nitin Kumar Ahuja v. Pr. CIT (2026) 487 ITR 657 / 309 Taxman 263 (MP)(HC)

S. 69: Unexplained investments-Hawala-In cases of unaccounted sales/purchases, only the profit element embedded therein is taxable, not the entire turnover. [S.131(IA), 133A, 260A]

 

Where concurrent findings established unaccounted purchases, the addition was rightly restricted to the profit element by applying the assessee’s disclosed net profit rate, and no substantial question of law arose against such factual findings. (AY. 2018-19)

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