https://www.taxtmi.com/caselaws?id=205080 The High Court found the ITAT's addition of Rs. 3,87,364 on account of jewellery as arbitrary and lacking evidence. The Court ruled in favor of the assessee, deleting the addition, stating that acquiring 906.900 grams of jewellery over a long marriage was customary and not abnormal. The Court criticized the lack of valid evidence and yardstick in treating a portion of the jewellery as unexplained, deeming the ITAT's findings as divorced from reality. The appeal was allowed in favor of the assessee. en-us Tue, 05 Jul 2011 00:00:00 +0530 Wed, 25 Feb 2026 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205080 The High Court found the ITAT's addition of Rs. 3,87,364 on account of jewellery as arbitrary and lacking evidence. The Court ruled in favor of the assessee, deleting the addition, stating that acquiring 906.900 grams of jewellery over a long marriage was customary and not abnormal. The Court criticized the lack of valid evidence and yardstick in treating a portion of the jewellery as unexplained, deeming the ITAT's findings as divorced from reality. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 05 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205080