https://www.taxtmi.com/caselaws?id=176452 The Appellate Tribunal allowed the assessee's appeal, overturning the addition of the diamond value as undisclosed income made by the lower authorities. The Tribunal found substantial evidence supporting the ownership of the diamonds by the assessee, considering documentation, statements of involved parties, and the correlation of seized diamonds with purchases from disclosed sources. en-us Mon, 31 May 2010 00:00:00 +0530 Wed, 23 Dec 2015 11:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176452 The Appellate Tribunal allowed the assessee's appeal, overturning the addition of the diamond value as undisclosed income made by the lower authorities. The Tribunal found substantial evidence supporting the ownership of the diamonds by the assessee, considering documentation, statements of involved parties, and the correlation of seized diamonds with purchases from disclosed sources. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176452