TMI BlogUnverifiable purchases - Merely maintaining the books of accounts and not giving a plausible explanation...Unverifiable purchases - Merely maintaining the books of accounts and not giving a plausible explanation regarding the purchases, the same cannot be stated that it is identical to the earlier Assessment Year 2011-12. This issues are a factual centric and purchases may be different in each year. The matter is not identical to that of Assessment Year 2011-12 in context of each Assessment Year is a different Assessment Year and to prove that these are estimated additions has to be determined after the proper perusal of the evidence before the AO. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|