https://www.taxtmi.com/caselaws?id=335524 The ITAT Pune upheld the CIT(A)'s decision to confirm the addition of unexplained gold jewellery and silver articles as income for Assessment Year 2012-13. Despite the assessee's explanations based on various sources, including wealth tax returns and CBDT Circular, the authorities found the evidence insufficient to prove the source of the items. The ITAT agreed that the assessee failed to substantiate the origin of the jewellery and silver articles seized during the search, leading to the dismissal of the appeal and affirming the additions made by the AO. en-us Wed, 21 Sep 2016 00:00:00 +0530 Sat, 03 Dec 2016 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335524 The ITAT Pune upheld the CIT(A)'s decision to confirm the addition of unexplained gold jewellery and silver articles as income for Assessment Year 2012-13. Despite the assessee's explanations based on various sources, including wealth tax returns and CBDT Circular, the authorities found the evidence insufficient to prove the source of the items. The ITAT agreed that the assessee failed to substantiate the origin of the jewellery and silver articles seized during the search, leading to the dismissal of the appeal and affirming the additions made by the AO. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335524