https://www.taxtmi.com/caselaws?id=189876 The Tribunal held that the Supreme Court decision in Jamna Prasad Kanhaiyalal vs. CIT is applicable to returns filed under the Amnesty Scheme, 1985. The Tribunal found discrepancies in the purchase of gold ornaments by the assessee-firm from its partners and their family members, concluding the transactions were not genuine. Consequently, the Tribunal upheld the addition of Rs. 1,53,02,266 to the income of the assessee-firm for the assessment year 1988-89, overturning the CIT(A)'s decision. en-us Tue, 17 Aug 1999 00:00:00 +0530 Tue, 24 Jan 2017 15:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189876 The Tribunal held that the Supreme Court decision in Jamna Prasad Kanhaiyalal vs. CIT is applicable to returns filed under the Amnesty Scheme, 1985. The Tribunal found discrepancies in the purchase of gold ornaments by the assessee-firm from its partners and their family members, concluding the transactions were not genuine. Consequently, the Tribunal upheld the addition of Rs. 1,53,02,266 to the income of the assessee-firm for the assessment year 1988-89, overturning the CIT(A)'s decision. Case-Laws Income Tax Tue, 17 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189876