Estimation of income - Non genuine purchases of diamond - the ...
Appellate Authority Confirms 3% Income Addition on Non-Genuine Diamond Purchases as Fair and Reasonable.
April 2, 2021
Case Laws Income Tax AT
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
View Source