https://www.taxtmi.com/caselaws?id=353285 The Tribunal allowed the appeal of the assessee, holding that no addition should have been made on account of gold and diamond jewellery. The jewellery found was within the declared limits in the Wealth Tax returns, and the CBDT Instruction No. 1916 dated 11.05.1994 warranted treating the jewellery as explained. The Tribunal extended the benefit of the instruction to the assessee based on family status, customs, and community practices, concluding that the addition made on account of jewellery was unjustified. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 21 Sep 2022 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353285 The Tribunal allowed the appeal of the assessee, holding that no addition should have been made on account of gold and diamond jewellery. The jewellery found was within the declared limits in the Wealth Tax returns, and the CBDT Instruction No. 1916 dated 11.05.1994 warranted treating the jewellery as explained. The Tribunal extended the benefit of the instruction to the assessee based on family status, customs, and community practices, concluding that the addition made on account of jewellery was unjustified. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353285