https://www.taxtmi.com/caselaws?id=14984 The application challenging the Tribunal's order on the addition of unexplained investment in jewellery was dismissed. The Tribunal, Commissioner (Appeals), and Assessing Officer all accepted the explanation provided by the assessee regarding the jewellery list, deeming it for future use related to his son's marriage. It was concluded that there was no undisclosed investment as alleged by the Revenue, and the assessing authority had failed to appreciate the explanation before making the addition. Therefore, the application under section 256(2) of the Income-tax Act was rejected due to the absence of any legal issue arising from the case. en-us Wed, 08 Dec 1999 00:00:00 +0530 Mon, 27 Jul 2009 14:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14984 The application challenging the Tribunal's order on the addition of unexplained investment in jewellery was dismissed. The Tribunal, Commissioner (Appeals), and Assessing Officer all accepted the explanation provided by the assessee regarding the jewellery list, deeming it for future use related to his son's marriage. It was concluded that there was no undisclosed investment as alleged by the Revenue, and the assessing authority had failed to appreciate the explanation before making the addition. Therefore, the application under section 256(2) of the Income-tax Act was rejected due to the absence of any legal issue arising from the case. Case-Laws Income Tax Wed, 08 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14984