https://www.taxtmi.com/caselaws?id=372438 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of unexplained investment under section 69A of the Income Tax Act, emphasizing the sufficiency and credibility of the explanations provided by the appellant regarding the ownership and acquisition of the jewellery in question. The Tribunal found the valuation report to be valid and supported the appellant's claim that the jewellery belonged to multiple family members, thereby rejecting the Revenue's appeal and ruling in favor of the appellant. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 22 Dec 2018 08:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372438 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of unexplained investment under section 69A of the Income Tax Act, emphasizing the sufficiency and credibility of the explanations provided by the appellant regarding the ownership and acquisition of the jewellery in question. The Tribunal found the valuation report to be valid and supported the appellant's claim that the jewellery belonged to multiple family members, thereby rejecting the Revenue's appeal and ruling in favor of the appellant. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372438