https://www.taxtmi.com/caselaws?id=238101 The Tribunal allowed the appeal, directing the deletion of the addition of Rs. 3,47,440 for 316.718 gms of gold jewellery. Proper application of Board Circular No. 1916 and the Gujarat High Court's decision led to recognizing customary jewellery holdings in Hindu families. Additional credit for jewellery belonging to minor children was granted, overturning the CIT(A)'s decision. The appeal favored the assessee on 13-06-2013. en-us Thu, 13 Jun 2013 00:00:00 +0530 Tue, 15 Oct 2013 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238101 The Tribunal allowed the appeal, directing the deletion of the addition of Rs. 3,47,440 for 316.718 gms of gold jewellery. Proper application of Board Circular No. 1916 and the Gujarat High Court's decision led to recognizing customary jewellery holdings in Hindu families. Additional credit for jewellery belonging to minor children was granted, overturning the CIT(A)'s decision. The appeal favored the assessee on 13-06-2013. Case-Laws Income Tax Thu, 13 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238101