https://www.taxtmi.com/caselaws?id=387169 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the deletion of the undisclosed jewellery addition made by the Assessing Officer under section 143(3) of the Income Tax Act. The Tribunal found that the jewellery was disclosed in the statement under section 132(4) and adequately explained with purchase bills and payment details, disagreeing with the CIT(A)'s view that the non-disclosure was intentional. Relying on legal precedents and CBDT instructions, the Tribunal concluded that the jewellery should not be treated as undisclosed income. en-us Wed, 14 Aug 2019 00:00:00 +0530 Fri, 13 Dec 2019 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387169 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the deletion of the undisclosed jewellery addition made by the Assessing Officer under section 143(3) of the Income Tax Act. The Tribunal found that the jewellery was disclosed in the statement under section 132(4) and adequately explained with purchase bills and payment details, disagreeing with the CIT(A)'s view that the non-disclosure was intentional. Relying on legal precedents and CBDT instructions, the Tribunal concluded that the jewellery should not be treated as undisclosed income. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387169