https://www.taxtmi.com/caselaws?id=62568 Seized gold ornaments, silver coins, silver ornaments, utensils and pawned articles found in a shared family premises were held not taxable in the assessee's hands because the surrounding evidence satisfactorily explained their source and ownership. The contemporaneous notarised copy of the will, its seizure from a locker, the notary's certificate and family affidavits supported the explanation, but the decisive inquiry was the factual explanation of the assets rather than the formal validity of the will. The record also indicated that the valuables existed in an earlier year, so the addition could not properly be made in the year under appeal. The CIT(A)'s limited remand of Rs. 24,337 was upheld because no illegality or arbitrariness was shown. en-us Fri, 17 Feb 1995 00:00:00 +0530 Thu, 20 Jan 2011 14:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62568 Seized gold ornaments, silver coins, silver ornaments, utensils and pawned articles found in a shared family premises were held not taxable in the assessee's hands because the surrounding evidence satisfactorily explained their source and ownership. The contemporaneous notarised copy of the will, its seizure from a locker, the notary's certificate and family affidavits supported the explanation, but the decisive inquiry was the factual explanation of the assets rather than the formal validity of the will. The record also indicated that the valuables existed in an earlier year, so the addition could not properly be made in the year under appeal. The CIT(A)'s limited remand of Rs. 24,337 was upheld because no illegality or arbitrariness was shown. Case-Laws Income Tax Fri, 17 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62568