https://www.taxtmi.com/caselaws?id=10130 Gold jewellery found during search was treated as an alleged unexplained investment, but the decisive question was whether it had already been disclosed in the relevant wealth-tax returns before the search. Because the authorities had not verified that disclosure and the record did not conclusively settle the timing of the returns, further examination was required. The matter was remanded to the Assessing Officer to verify the wealth-tax returns; if the jewellery had been disclosed in returns filed before the search, no addition would be warranted, and if the returns were filed later, the issue could be decided afresh. en-us Thu, 24 Jul 2003 00:00:00 +0530 Tue, 07 Jul 2009 19:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10130 Gold jewellery found during search was treated as an alleged unexplained investment, but the decisive question was whether it had already been disclosed in the relevant wealth-tax returns before the search. Because the authorities had not verified that disclosure and the record did not conclusively settle the timing of the returns, further examination was required. The matter was remanded to the Assessing Officer to verify the wealth-tax returns; if the jewellery had been disclosed in returns filed before the search, no addition would be warranted, and if the returns were filed later, the issue could be decided afresh. Case-Laws Income Tax Thu, 24 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10130