https://www.taxtmi.com/caselaws?id=341273 The Tribunal partly allowed the appellant's appeal, ruling in favor of the appellant regarding the unexplained investment in gold jewelry and diamonds. The Tribunal found that the excess gold was within acceptable limits based on family size and CBDT norms. However, the issue of unexplained cash found during the search was remanded to the Assessing Officer for further verification. If the cash balance is legitimate, no addition shall be made. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 04 Apr 2017 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341273 The Tribunal partly allowed the appellant's appeal, ruling in favor of the appellant regarding the unexplained investment in gold jewelry and diamonds. The Tribunal found that the excess gold was within acceptable limits based on family size and CBDT norms. However, the issue of unexplained cash found during the search was remanded to the Assessing Officer for further verification. If the cash balance is legitimate, no addition shall be made. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341273