https://www.taxtmi.com/caselaws?id=281921 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the addition of undisclosed investment in jewellery. The case centered on discrepancies between jewellery found during a search and what was declared under the Voluntary Disclosure of Income Scheme by the assessee's mother-in-law. The Tribunal found that the jewellery declared under VDIS matched the jewellery found during the search, directing the Assessing Officer to credit the VDIS jewellery amount. The Tribunal emphasized the importance of aligning the declared quantum of jewellery with what was discovered during the search. en-us Fri, 15 Jul 2016 00:00:00 +0530 Sat, 13 Jul 2019 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281921 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the addition of undisclosed investment in jewellery. The case centered on discrepancies between jewellery found during a search and what was declared under the Voluntary Disclosure of Income Scheme by the assessee's mother-in-law. The Tribunal found that the jewellery declared under VDIS matched the jewellery found during the search, directing the Assessing Officer to credit the VDIS jewellery amount. The Tribunal emphasized the importance of aligning the declared quantum of jewellery with what was discovered during the search. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281921