https://www.taxtmi.com/caselaws?id=381762 The ITAT upheld the CIT(A)'s decision to confirm the addition of Rs. 6,04,182/- on account of alleged hawala purchases, due to lack of evidence from the assessee and in line with legal precedents requiring substantial evidence to prove genuine transactions. The appeal was dismissed, with the ITAT emphasizing the absence of stock details and corroborative evidence. en-us Thu, 23 May 2019 00:00:00 +0530 Wed, 19 Jun 2019 06:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381762 The ITAT upheld the CIT(A)'s decision to confirm the addition of Rs. 6,04,182/- on account of alleged hawala purchases, due to lack of evidence from the assessee and in line with legal precedents requiring substantial evidence to prove genuine transactions. The appeal was dismissed, with the ITAT emphasizing the absence of stock details and corroborative evidence. Case-Laws Income Tax Thu, 23 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381762