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2020 (4) TMI 661 - ITAT JAIPURUnaccounted sales - Profit estimation - HELD THAT:- Impugned addition made and confirm is solely based on the statement of the assessee without any corroborative evidence. In the case of Rajesh Jain v/s DCIT [2004 (2) TMI 286 - ITAT DELHI-A] held that computation of undisclosed income solely on the basis of confessional statement of the assessee was not justified. Direct the A.O. to restrict the addition to the extent of ₹ 28,240/- being profit element on unaccounted sales. Appeal of the assessee is allowed in part.
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