https://www.taxtmi.com/caselaws?id=159226 The Tribunal upheld the deletion of the addition concerning undisclosed investment in jewellery, stating that the presumption under section 132(4) cannot be invoked against one person in a joint family without evidence of control or possession. The Tribunal remanded issues regarding unexplained marriage expenses and cash found during the search back to the Assessing Officer for fresh verification. The Tribunal deleted additions on assumed low household expenses and jewellery based on loose papers due to lack of evidence. The addition for unexplained investment in drafts was confirmed. The levy of interest under sections 139 and 217 was allowed with consequential relief directed. The appeal by the Revenue was dismissed. en-us Tue, 27 May 1997 00:00:00 +0530 Mon, 18 Nov 2013 16:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159226 The Tribunal upheld the deletion of the addition concerning undisclosed investment in jewellery, stating that the presumption under section 132(4) cannot be invoked against one person in a joint family without evidence of control or possession. The Tribunal remanded issues regarding unexplained marriage expenses and cash found during the search back to the Assessing Officer for fresh verification. The Tribunal deleted additions on assumed low household expenses and jewellery based on loose papers due to lack of evidence. The addition for unexplained investment in drafts was confirmed. The levy of interest under sections 139 and 217 was allowed with consequential relief directed. The appeal by the Revenue was dismissed. Case-Laws Income Tax Tue, 27 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159226