https://www.taxtmi.com/caselaws?id=269074 The Tribunal upheld the CIT(A)'s decision to add 10% to the undisclosed purchases made by the assessee from unverifiable parties, citing detailed quantitative data and supporting evidence provided by the assessee. The Tribunal found that since the sales were verifiable, no further addition on account of purchases was warranted. Both the revenue's appeal and the assessee's Cross Objections were dismissed, affirming the CIT(A)'s decision on the 10% addition to the purchases. en-us Mon, 05 Oct 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269074 The Tribunal upheld the CIT(A)'s decision to add 10% to the undisclosed purchases made by the assessee from unverifiable parties, citing detailed quantitative data and supporting evidence provided by the assessee. The Tribunal found that since the sales were verifiable, no further addition on account of purchases was warranted. Both the revenue's appeal and the assessee's Cross Objections were dismissed, affirming the CIT(A)'s decision on the 10% addition to the purchases. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269074