https://www.taxtmi.com/caselaws?id=191501 The Tribunal partly allowed the appeal filed by brothers against the CIT (A)'s orders regarding unexplained investments in jewellery. Relief was granted for 950 gms of gold jewellery based on the CBDT circular, while the addition for unexplained silver articles was upheld. The Tribunal directed the AO to adjust the addition considering the relief granted, including credit for jewellery disclosed in the return filed by the assessee's wife. The Tribunal rejected the argument for additional relief based on social status, emphasizing adherence to the CBDT circular's specified quantities for relief. en-us Fri, 14 Aug 2015 00:00:00 +0530 Thu, 06 Apr 2017 10:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191501 The Tribunal partly allowed the appeal filed by brothers against the CIT (A)'s orders regarding unexplained investments in jewellery. Relief was granted for 950 gms of gold jewellery based on the CBDT circular, while the addition for unexplained silver articles was upheld. The Tribunal directed the AO to adjust the addition considering the relief granted, including credit for jewellery disclosed in the return filed by the assessee's wife. The Tribunal rejected the argument for additional relief based on social status, emphasizing adherence to the CBDT circular's specified quantities for relief. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191501