https://www.taxtmi.com/caselaws?id=116719 The Tribunal upheld the CIT (Appeals)'s decision to delete the addition of undisclosed investment in jewelleries, ruling in favor of the assessee for block assessment years 1988-89 to 1998-99. The Tribunal found that the jewelleries belonged to different family members, with quantities not exceeding 358 grams per person. It considered legal precedents on affidavits and CBDT instructions on seizure limits for ornaments, ultimately dismissing the revenue's appeal. en-us Thu, 30 Oct 2003 00:00:00 +0530 Fri, 15 Jun 2012 18:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116719 The Tribunal upheld the CIT (Appeals)'s decision to delete the addition of undisclosed investment in jewelleries, ruling in favor of the assessee for block assessment years 1988-89 to 1998-99. The Tribunal found that the jewelleries belonged to different family members, with quantities not exceeding 358 grams per person. It considered legal precedents on affidavits and CBDT instructions on seizure limits for ornaments, ultimately dismissing the revenue's appeal. Case-Laws Income Tax Thu, 30 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116719