Cash Payments for Old Gold u/s 40A(3) Disallowed; Assessee Fails to Meet Criteria, Additions Confirmed.

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....Disallowance u/s.40A(3) - cash payment against purchase of old gold ornaments under auction - As per the assessee, identity of the person to whom he had made the payments were established and genuineness of the purchases were not doubted - assessee failed to pass the test - additions confirmed.....