https://www.taxtmi.com/caselaws?id=178949 ITAT (Jaipur) set aside the AO's additions: purchases from jewellers were held verifiable and additions treating them as bogus were deleted. The Tribunal found the rejection of books unjustified and deleted the trading addition sustained by CIT(A), noting audited books and vouched transactions. Regarding an amount treated as unexplained credit under s.68, the Tribunal upheld CIT(A)'s finding that a mere journal adjustment did not create income and confirmed reliance on authoritative SC/HC precedents that suspicion or book entries alone cannot substitute for evidence. en-us Fri, 10 Jun 2011 00:00:00 +0530 Thu, 21 Aug 2025 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178949 ITAT (Jaipur) set aside the AO's additions: purchases from jewellers were held verifiable and additions treating them as bogus were deleted. The Tribunal found the rejection of books unjustified and deleted the trading addition sustained by CIT(A), noting audited books and vouched transactions. Regarding an amount treated as unexplained credit under s.68, the Tribunal upheld CIT(A)'s finding that a mere journal adjustment did not create income and confirmed reliance on authoritative SC/HC precedents that suspicion or book entries alone cannot substitute for evidence. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178949