https://www.taxtmi.com/caselaws?id=67986 The Tribunal ruled in favor of the appellant, deleting the addition of income from undisclosed sources representing investment in jewellery. The Tribunal found insufficient evidence to support the Department's suspicions, considering the detailed explanations and supporting affidavit provided by the appellant and her father. Additionally, the Tribunal noted the lack of evidence of jewellery purchases by the appellant in the relevant year and the need to assess the value of jewellery based on the relevant date. As a result, the Tribunal ruled in favor of the appellant, deleting the income addition. Subsequently, the Tribunal directed the modification of interest charged under sections 139(8) and 215 in line with the deletion of the income addition. en-us Tue, 17 Nov 1987 00:00:00 +0530 Wed, 16 Mar 2011 12:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67986 The Tribunal ruled in favor of the appellant, deleting the addition of income from undisclosed sources representing investment in jewellery. The Tribunal found insufficient evidence to support the Department's suspicions, considering the detailed explanations and supporting affidavit provided by the appellant and her father. Additionally, the Tribunal noted the lack of evidence of jewellery purchases by the appellant in the relevant year and the need to assess the value of jewellery based on the relevant date. As a result, the Tribunal ruled in favor of the appellant, deleting the income addition. Subsequently, the Tribunal directed the modification of interest charged under sections 139(8) and 215 in line with the deletion of the income addition. Case-Laws Income Tax Tue, 17 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67986