https://www.taxtmi.com/highlights?id=58580 Unverifiable purchases - Merely maintaining the books of accounts and not giving a plausible explanation regarding the purchases, the same cannot be stated that it is identical to the earlier Assessment Year 2011-12. This issues are a factual centric and purchases may be different in each year. The matter is not identical to that of Assessment Year 2011-12 in context of each Assessment Year is a different Assessment Year and to prove that these are estimated additions has to be determined after the proper perusal of the evidence before the AO. - AT en-us Wed, 30 Jun 2021 09:53:14 +0530 Wed, 30 Jun 2021 09:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58580 Unverifiable purchases - Merely maintaining the books of accounts and not giving a plausible explanation regarding the purchases, the same cannot be stated that it is identical to the earlier Assessment Year 2011-12. This issues are a factual centric and purchases may be different in each year. The matter is not identical to that of Assessment Year 2011-12 in context of each Assessment Year is a different Assessment Year and to prove that these are estimated additions has to be determined after the proper perusal of the evidence before the AO. - AT Highlights Income Tax Wed, 30 Jun 2021 09:53:14 +0530 https://www.taxtmi.com/highlights?id=58580