https://www.taxtmi.com/caselaws?id=326979 The Tribunal allowed the assessee's appeal, deleting the addition of Rs. 3,34,98,409/- on account of alleged unexplained jewellery under Section 69A. The Tribunal found the assessee's explanation plausible, noting that the total declared jewellery exceeded the amount found during the search. The addition sustained by the CIT(A) for remaking charges was also deleted due to lack of concrete evidence. The decision emphasizes the significance of providing evidence to support claims and the Tribunal's reliance on declared wealth tax returns. en-us Thu, 17 Mar 2016 00:00:00 +0530 Fri, 29 Apr 2016 11:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326979 The Tribunal allowed the assessee's appeal, deleting the addition of Rs. 3,34,98,409/- on account of alleged unexplained jewellery under Section 69A. The Tribunal found the assessee's explanation plausible, noting that the total declared jewellery exceeded the amount found during the search. The addition sustained by the CIT(A) for remaking charges was also deleted due to lack of concrete evidence. The decision emphasizes the significance of providing evidence to support claims and the Tribunal's reliance on declared wealth tax returns. Case-Laws Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326979