https://www.taxtmi.com/caselaws?id=2879 The High Court held that a question of law arose regarding the ownership of gold ornaments and jewelry found in the assessee's locker, directing the Tribunal to refer the question. Despite the assessee's claim that the items belonged to directors or relatives, the Assessing Officer included their value in the assessee's income. The Court upheld the lower authorities' decisions, finding no basis to interfere, resulting in a ruling in favor of the Revenue and against the assessee, with no costs incurred. en-us Thu, 07 Sep 2006 00:00:00 +0530 Thu, 31 Jul 2008 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2879 The High Court held that a question of law arose regarding the ownership of gold ornaments and jewelry found in the assessee's locker, directing the Tribunal to refer the question. Despite the assessee's claim that the items belonged to directors or relatives, the Assessing Officer included their value in the assessee's income. The Court upheld the lower authorities' decisions, finding no basis to interfere, resulting in a ruling in favor of the Revenue and against the assessee, with no costs incurred. Case-Laws Income Tax Thu, 07 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2879