https://www.taxtmi.com/caselaws?id=391521 The Tribunal allowed the appeal in favor of the assessee, directing the revenue authorities to delete the addition of Rs. 6,51,090/- made on account of unexplained jewellery found during a search. The Tribunal considered the cultural practices and family status of the assessee, along with affidavits and judicial precedents, to conclude that the addition was unwarranted. The decision emphasizes the need for revenue authorities to adopt a reasonable approach in cases involving jewellery discovered during searches, particularly when supported by cultural practices and credible explanations. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 31 Jan 2020 10:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391521 The Tribunal allowed the appeal in favor of the assessee, directing the revenue authorities to delete the addition of Rs. 6,51,090/- made on account of unexplained jewellery found during a search. The Tribunal considered the cultural practices and family status of the assessee, along with affidavits and judicial precedents, to conclude that the addition was unwarranted. The decision emphasizes the need for revenue authorities to adopt a reasonable approach in cases involving jewellery discovered during searches, particularly when supported by cultural practices and credible explanations. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391521