https://www.taxtmi.com/caselaws?id=373522 The Tribunal ruled in favor of the assessee on the issues of unexplained jewellery and protective basis for marriage expenses, deleting the additions. However, the Tribunal upheld the additions regarding income from the sale of shares as 'Income from other sources,' disallowance of interest on borrowed funds, addition for unexplained gifts under Section 68, and excess stock found during a survey. The judgment stressed the need for proper documentation and adherence to legal principles in substantiating claims, highlighting the importance of matching declared assets' total weight with those found during searches. en-us Fri, 04 Jan 2019 00:00:00 +0530 Tue, 15 Jan 2019 12:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373522 The Tribunal ruled in favor of the assessee on the issues of unexplained jewellery and protective basis for marriage expenses, deleting the additions. However, the Tribunal upheld the additions regarding income from the sale of shares as 'Income from other sources,' disallowance of interest on borrowed funds, addition for unexplained gifts under Section 68, and excess stock found during a survey. The judgment stressed the need for proper documentation and adherence to legal principles in substantiating claims, highlighting the importance of matching declared assets' total weight with those found during searches. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373522