https://www.taxtmi.com/caselaws?id=272301 The Tribunal addressed cross-appeals by the assessee and Revenue regarding disallowance of claimed amounts and addition of unexplained jewellery for the assessment year 2011-12. The Tribunal upheld the disallowance and addition of jewellery, citing potential unaccounted money. However, it allowed the appeal on the addition of unexplained jewellery, noting discrepancies and lack of substantial evidence. Jurisdictional concerns were not argued, leading to partial allowance of the appeal. The Tribunal dismissed the Revenue's appeal on charging interest, finding the jewellery adequately explained. Ultimately, some grounds of appeal were allowed while others were dismissed based on merit. en-us Fri, 12 Feb 2016 00:00:00 +0530 Fri, 04 Mar 2016 11:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272301 The Tribunal addressed cross-appeals by the assessee and Revenue regarding disallowance of claimed amounts and addition of unexplained jewellery for the assessment year 2011-12. The Tribunal upheld the disallowance and addition of jewellery, citing potential unaccounted money. However, it allowed the appeal on the addition of unexplained jewellery, noting discrepancies and lack of substantial evidence. Jurisdictional concerns were not argued, leading to partial allowance of the appeal. The Tribunal dismissed the Revenue's appeal on charging interest, finding the jewellery adequately explained. Ultimately, some grounds of appeal were allowed while others were dismissed based on merit. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272301