https://www.taxtmi.com/caselaws?id=258213 The Tribunal upheld the Assessing Officer's addition of Rs. 2,99,03,076 to the income of the Assessee, rejecting the Assessee's appeal and allowing the Revenue's appeal. The Tribunal found that the Assessee failed to prove the genuineness of the purchases and sales, and the statements recorded during the survey proceedings were not retracted or proved to be untrue. Additionally, the Tribunal determined that the judicial precedents cited by the Assessee were not applicable to the case. The Assessee's appeal was dismissed, and the Revenue's appeal was allowed on 26-03-2015. en-us Thu, 26 Mar 2015 00:00:00 +0530 Thu, 02 Apr 2015 22:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258213 The Tribunal upheld the Assessing Officer's addition of Rs. 2,99,03,076 to the income of the Assessee, rejecting the Assessee's appeal and allowing the Revenue's appeal. The Tribunal found that the Assessee failed to prove the genuineness of the purchases and sales, and the statements recorded during the survey proceedings were not retracted or proved to be untrue. Additionally, the Tribunal determined that the judicial precedents cited by the Assessee were not applicable to the case. The Assessee's appeal was dismissed, and the Revenue's appeal was allowed on 26-03-2015. Case-Laws Income Tax Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258213