https://www.taxtmi.com/caselaws?id=197096 The Tribunal confirmed the addition of Rs. 50,000 in both cases of M/s. Dhandia Gems Corporation and M/s. Dhandia Exports due to unverifiable purchases. The CIT (A) reduced the initial addition made by the AO to Rs. 50,000 considering the unverifiable purchases as reasonable. The Tribunal upheld the CIT (A)'s decision, dismissing the department's appeals and the assessees' cross objections. The order was pronounced on 10.6.2011. en-us Fri, 10 Jun 2011 00:00:00 +0530 Tue, 26 Dec 2017 14:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197096 The Tribunal confirmed the addition of Rs. 50,000 in both cases of M/s. Dhandia Gems Corporation and M/s. Dhandia Exports due to unverifiable purchases. The CIT (A) reduced the initial addition made by the AO to Rs. 50,000 considering the unverifiable purchases as reasonable. The Tribunal upheld the CIT (A)'s decision, dismissing the department's appeals and the assessees' cross objections. The order was pronounced on 10.6.2011. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197096