https://www.taxtmi.com/caselaws?id=382976 The High Court upheld the Tribunal's decision to delete the addition towards unexplained investment in jewellery, based on sufficient evidence provided by the assessee from relatives. The Court emphasized the importance of corroborative evidence and dismissed the revenue's appeal, stating that no substantial question of law arose. The Tribunal's thorough examination of the evidence and supporting documentation led to the conclusion that the assessee had substantiated the source of the jewellery seized during the search. The Court highlighted the significance of proper assessment in cases involving unexplained investments in jewellery. en-us Mon, 01 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382976 The High Court upheld the Tribunal's decision to delete the addition towards unexplained investment in jewellery, based on sufficient evidence provided by the assessee from relatives. The Court emphasized the importance of corroborative evidence and dismissed the revenue's appeal, stating that no substantial question of law arose. The Tribunal's thorough examination of the evidence and supporting documentation led to the conclusion that the assessee had substantiated the source of the jewellery seized during the search. The Court highlighted the significance of proper assessment in cases involving unexplained investments in jewellery. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382976