Extrapolation of Unrecorded Sales Without Incriminating Material Invalid: ITAT Chandigarh

Anup Kumar Aggarwal Vs ACIT (Central) (ITAT Rajkot) Extrapolation of Unrecorded Sales Without Incriminating Material Invalid: ITAT Chandigarh Deletes ₹60.42 Lakh Addition for AY 2022-23 The Chandigarh ‘B’ Bench of the Income Tax Appellate Tribunal, Chandigarh Bench allowed the appeal of Shri Anup Kumar Aggarwal for AY 2022-23 and deleted the addition of ₹60.42 lakh made towards alleged unaccounted sales. The assessee, proprietor of M/s HB Foods, was subjected to a search on 04.11.2022. While certain unrecorded sales were allegedly found for AY 2023-24, no incriminating material whatsoe...