Income Tax, SC Judgement Dated 05/05/2026 – Additions for Unaccounted Sales cannot be based on Mere Suspicion or Estimated Production Yield 

Case of DCIT vs Mahamaya Steel Industries Ltd, SC Judgement Dated 5th May 2026. The apex court ruled that the Income Tax department cannot make additions to an assessee income for alleged unaccounted sales based merely on estimated production yields, hypothetical industry averages, or speculative variations in electricity and furnace oil consumption without concrete, corroborative evidence of suppressed sales.

(Link: SC Judgement Dated 05/05/2026)  

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