https://www.taxtmi.com/caselaws?id=65137 The Tribunal overturned the lower authorities' decisions and allowed the appeal by the assessee, concluding that the value of the jewellery could not be assessed in the assessee's hands for the relevant assessment year. The Tribunal emphasized the lack of evidence establishing ownership of the jewellery by the assessee, particularly noting that the bank locker was in the son's name and considering the statement of the elderly lady claiming ownership. en-us Sat, 17 Apr 1982 00:00:00 +0530 Sat, 12 Feb 2011 14:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65137 The Tribunal overturned the lower authorities' decisions and allowed the appeal by the assessee, concluding that the value of the jewellery could not be assessed in the assessee's hands for the relevant assessment year. The Tribunal emphasized the lack of evidence establishing ownership of the jewellery by the assessee, particularly noting that the bank locker was in the son's name and considering the statement of the elderly lady claiming ownership. Case-Laws Income Tax Sat, 17 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65137