https://www.taxtmi.com/caselaws?id=266132 The Tribunal ruled in favor of the appellant, overturning the addition to the total income on the basis of unexplained jewellery discovered during the search. The Tribunal considered guidelines from the Central Board of Direct Taxes and customary practices regarding possession of gold ornaments in Indian families. It concluded that the gold jewellery in question could be reasonably explained as streedhan of the appellant's wife, received over time, and deleted the addition made by the Assessing Officer. en-us Fri, 20 Feb 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266132 The Tribunal ruled in favor of the appellant, overturning the addition to the total income on the basis of unexplained jewellery discovered during the search. The Tribunal considered guidelines from the Central Board of Direct Taxes and customary practices regarding possession of gold ornaments in Indian families. It concluded that the gold jewellery in question could be reasonably explained as streedhan of the appellant's wife, received over time, and deleted the addition made by the Assessing Officer. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266132