TMI BlogAppellate Authority Confirms 3% Income Addition on Non-Genuine Diamond Purchases as Fair and Reasonable.Estimation of income - Non genuine purchases of diamond - the first appellate authority himself has sustained addition @3% of the non genuine purchases under more or less identical facts and circumstances - thus disallowance at 3% of the alleged non genuine purchases would be fair and reasonable. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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