https://www.taxtmi.com/caselaws?id=369323 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 75,278 for unexplained investment in silver jewellery for the Assessment Year 2015-16. The Tribunal held that the CBDT circular covering jewellery exemptions should also apply to silver articles, not just gold, due to their cultural significance in Indian families. As a result, the addition for silver jewellery was deemed unjustified, and the Tribunal deleted the amount from the assessment, ruling in favor of the assessee. en-us Thu, 18 Oct 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369323 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 75,278 for unexplained investment in silver jewellery for the Assessment Year 2015-16. The Tribunal held that the CBDT circular covering jewellery exemptions should also apply to silver articles, not just gold, due to their cultural significance in Indian families. As a result, the addition for silver jewellery was deemed unjustified, and the Tribunal deleted the amount from the assessment, ruling in favor of the assessee. Case-Laws Income Tax Thu, 18 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369323