https://www.taxtmi.com/caselaws?id=191373 CBDT Circular No. 1916 dated 11.05.1994 may be used as a benchmark to explain the source of jewellery found in search, but only within the prescribed family-wise quantity limits for gold jewellery. The benefit cannot be extended to higher holdings unsupported by records or to items outside the circular, such as silver articles and diamonds. Jewellery reflected in a wife's later financial statement may receive credit only where the entry is credible and supported by the record, with any balance remaining unexplained liable to addition. The result was partial relief, with the remaining additions sustained. en-us Wed, 05 Aug 2015 00:00:00 +0530 Sat, 01 Apr 2017 10:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191373 CBDT Circular No. 1916 dated 11.05.1994 may be used as a benchmark to explain the source of jewellery found in search, but only within the prescribed family-wise quantity limits for gold jewellery. The benefit cannot be extended to higher holdings unsupported by records or to items outside the circular, such as silver articles and diamonds. Jewellery reflected in a wife's later financial statement may receive credit only where the entry is credible and supported by the record, with any balance remaining unexplained liable to addition. The result was partial relief, with the remaining additions sustained. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191373