ITAT Deletes Rs 43.04 Lakh Tax Addition, Says Mere Third-Party Records Cannot Establish Unaccounted Purchases:

ITAT deleted a Rs 43.04 lakh addition against a jeweller after finding no evidence to support the IT Department's allegation of unaccounted gold purchases.

Income Tax Dept Failed to Prove Unaccounted Gold Purchases

Saloni Kumari

Aug 7, 2026

Last update on Aug 6, 2026

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ITAT Deletes Rs 43.04 Lakh Tax Addition, Says Mere Third-Party Records Cannot Establish Unaccounted Purchases

ITAT deleted a Rs 43.04 lakh addition against a jeweller after finding no evidence to support the IT Department's allegation of unaccounted gold purchases.

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Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].