https://www.taxtmi.com/caselaws?id=62502 In search cases involving unexplained jewellery, the assessee must rebut the statutory presumption with credible, complete evidence showing that excess ornaments belong to customers and not to the business. Self-maintained registers were treated as insufficient where they lacked full customer particulars, supporting addresses, and consistent voucher entries, and where the claimed retention period was commercially improbable. The discussion also notes that appellate relief should not rest merely on the absence of departmental enquiry when co-terminus powers require proper verification. Relief was considered supportable only for separately identified repair items kept in identifiable packets, while the broader claim concerning customers' gold required fresh examination. en-us Tue, 24 Aug 2004 00:00:00 +0530 Thu, 20 Jan 2011 11:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62502 In search cases involving unexplained jewellery, the assessee must rebut the statutory presumption with credible, complete evidence showing that excess ornaments belong to customers and not to the business. Self-maintained registers were treated as insufficient where they lacked full customer particulars, supporting addresses, and consistent voucher entries, and where the claimed retention period was commercially improbable. The discussion also notes that appellate relief should not rest merely on the absence of departmental enquiry when co-terminus powers require proper verification. Relief was considered supportable only for separately identified repair items kept in identifiable packets, while the broader claim concerning customers' gold required fresh examination. Case-Laws Income Tax Tue, 24 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62502