https://www.taxtmi.com/caselaws?id=345307 The Appellate Tribunal allowed the appeal, directing the Assessing Officer to re-examine the claims regarding the weight and source of the gold jewelry, supported by affidavits and corroborative evidence. The Tribunal emphasized the necessity for a thorough verification process before making conclusions on the claims, particularly highlighting the importance of addressing the purity and weight conversion argument raised by the assessee. The Tribunal ruled in favor of the assessee regarding the claimed gold jewelry from family members and relatives while remitting the issue of gold jewelry claimed from business associates back to the Assessing Officer for further verification. en-us Wed, 11 Jan 2017 00:00:00 +0530 Thu, 13 Jul 2017 07:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345307 The Appellate Tribunal allowed the appeal, directing the Assessing Officer to re-examine the claims regarding the weight and source of the gold jewelry, supported by affidavits and corroborative evidence. The Tribunal emphasized the necessity for a thorough verification process before making conclusions on the claims, particularly highlighting the importance of addressing the purity and weight conversion argument raised by the assessee. The Tribunal ruled in favor of the assessee regarding the claimed gold jewelry from family members and relatives while remitting the issue of gold jewelry claimed from business associates back to the Assessing Officer for further verification. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345307