https://www.taxtmi.com/caselaws?id=379574 The High Court dismissed the appeal, upholding the lower authorities' orders for Assessment Year 2013-2014. The Court affirmed the addition of unaccounted income under Section 69A due to the Assessee's failure to disclose purchaser details in gold transactions. The estimation of income at 3.5% of profits was upheld as the Assessee failed to provide evidence supporting a 1% profit ratio claim, emphasizing the need for substantiating claims with evidence. The rejection of the refund claim and the addition of income were deemed fair and in accordance with the law. en-us Tue, 02 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379574 The High Court dismissed the appeal, upholding the lower authorities' orders for Assessment Year 2013-2014. The Court affirmed the addition of unaccounted income under Section 69A due to the Assessee's failure to disclose purchaser details in gold transactions. The estimation of income at 3.5% of profits was upheld as the Assessee failed to provide evidence supporting a 1% profit ratio claim, emphasizing the need for substantiating claims with evidence. The rejection of the refund claim and the addition of income were deemed fair and in accordance with the law. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379574