https://www.taxtmi.com/caselaws?id=151873 The majority view upheld the deletion of Rs. 5,29,000 related to undisclosed cash found during the search, considering certain amounts as belonging to family members. The Tribunal restricted the addition of unexplained investment in properties to Rs. 30 lakhs, finding the higher figure unjustified. The addition of unexplained investment in household items was upheld at Rs. 1 lakh. The Tribunal upheld the addition of Rs. 50,000 for discrepancy in loose papers but deleted the addition of gifts received from various parties. The addition of unexplained investment in jewelry was deleted as the jewelry belonged to family members who had already disclosed part of the investment. en-us Thu, 17 Jan 2002 00:00:00 +0530 Tue, 18 Jun 2013 15:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151873 The majority view upheld the deletion of Rs. 5,29,000 related to undisclosed cash found during the search, considering certain amounts as belonging to family members. The Tribunal restricted the addition of unexplained investment in properties to Rs. 30 lakhs, finding the higher figure unjustified. The addition of unexplained investment in household items was upheld at Rs. 1 lakh. The Tribunal upheld the addition of Rs. 50,000 for discrepancy in loose papers but deleted the addition of gifts received from various parties. The addition of unexplained investment in jewelry was deleted as the jewelry belonged to family members who had already disclosed part of the investment. Case-Laws Income Tax Thu, 17 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151873