Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Unexplained jewellery seized during search and seizure operations treated as explained based on assessee's high income and family status. Assessing Officer's addition u/s 69A for unexplained jewellery set aside, following jurisdictional High Court's decision in Ashok Chaddha case, which recognized holding of substantial jewellery as normal custom in Indian society. Assessee's explanation regarding jewellery held on behalf of sisters-in-law accepted. Appellate Tribunal allowed assessee's appeal and directed deletion of additions made u/s 69A.
Unexplained jewellery seized during search and seizure operations treated as explained based on assessee's high income and family status. Assessing Officer's addition u/s 69A for unexplained jewellery set aside, following jurisdictional High Court's decision in Ashok Chaddha case, which recognized holding of substantial jewellery as normal custom in Indian society. Assessee's explanation regarding jewellery held on behalf of sisters-in-law accepted. Appellate Tribunal allowed assessee's appeal and directed deletion of additions made u/s 69A.
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