https://www.taxtmi.com/caselaws?id=270697 The Tribunal partly allowed the appeal of the assessee concerning the addition of Rs. 53,88,401 under Section 68 of the Income Tax Act. The addition of Rs. 20,00,000 was confirmed, while the remaining amount was deleted. The Tribunal accepted explanations for receipts from the sale of jewelry and amounts received from the son/daughter, leading to the deletion of those additions. However, the addition related to the family partition arrangement was confirmed due to insufficient evidence. The order was pronounced on 3rd November 2015 at Ahmedabad. en-us Tue, 03 Nov 2015 00:00:00 +0530 Wed, 13 Jan 2016 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270697 The Tribunal partly allowed the appeal of the assessee concerning the addition of Rs. 53,88,401 under Section 68 of the Income Tax Act. The addition of Rs. 20,00,000 was confirmed, while the remaining amount was deleted. The Tribunal accepted explanations for receipts from the sale of jewelry and amounts received from the son/daughter, leading to the deletion of those additions. However, the addition related to the family partition arrangement was confirmed due to insufficient evidence. The order was pronounced on 3rd November 2015 at Ahmedabad. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270697