https://www.taxtmi.com/caselaws?id=234504 The Tribunal upheld the CIT (A) decision to delete the addition for jewellery received on approval basis. It found the transactions were genuine consignment activities, duly recorded, and lacked incriminating evidence. The Tribunal deemed the AO's addition of labour charges as speculative without supporting evidence, confirming the reasonableness of the CIT (A) decision and dismissing the Revenue's appeal. en-us Wed, 05 Jun 2013 00:00:00 +0530 Fri, 07 Jun 2013 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234504 The Tribunal upheld the CIT (A) decision to delete the addition for jewellery received on approval basis. It found the transactions were genuine consignment activities, duly recorded, and lacked incriminating evidence. The Tribunal deemed the AO's addition of labour charges as speculative without supporting evidence, confirming the reasonableness of the CIT (A) decision and dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234504