https://www.taxtmi.com/caselaws?id=351031 The Tribunal allowed the appeals, directing the deletion of additions related to unexplained cash and jewellery. In the case of unexplained cash, discrepancies in the cash book entries were noted, but the Tribunal accepted the explanation that the cash found was from the company's cash-in-hand, leading to the deletion of the addition. Regarding the unexplained jewellery, the Tribunal applied a Gujarat High Court judgment recognizing customs in Hindu families, concluding that the jewellery could not be treated as unexplained and directing the deletion of the addition. en-us Wed, 15 Nov 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351031 The Tribunal allowed the appeals, directing the deletion of additions related to unexplained cash and jewellery. In the case of unexplained cash, discrepancies in the cash book entries were noted, but the Tribunal accepted the explanation that the cash found was from the company's cash-in-hand, leading to the deletion of the addition. Regarding the unexplained jewellery, the Tribunal applied a Gujarat High Court judgment recognizing customs in Hindu families, concluding that the jewellery could not be treated as unexplained and directing the deletion of the addition. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351031