https://www.taxtmi.com/caselaws?id=386651 The Tribunal partly allowed the appeals by deleting additions for undisclosed investment in land purchase and undisclosed cash deposits due to satisfactory explanations provided by the assessee. The Tribunal upheld additions for gold jewelry based on CBDT Circular limits but deleted additions for silver articles and diamond jewelry as customary gifts. Additionally, the Tribunal upheld the addition for undisclosed 'on money' payment for land purchase, rejecting the assessee's alternate claim for telescoping benefit. Overall, the Tribunal provided relief based on documentary evidence and customary practices while upholding certain revenue-supported additions. en-us Fri, 27 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386651 The Tribunal partly allowed the appeals by deleting additions for undisclosed investment in land purchase and undisclosed cash deposits due to satisfactory explanations provided by the assessee. The Tribunal upheld additions for gold jewelry based on CBDT Circular limits but deleted additions for silver articles and diamond jewelry as customary gifts. Additionally, the Tribunal upheld the addition for undisclosed 'on money' payment for land purchase, rejecting the assessee's alternate claim for telescoping benefit. Overall, the Tribunal provided relief based on documentary evidence and customary practices while upholding certain revenue-supported additions. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386651