https://www.taxtmi.com/caselaws?id=287543 The ITAT partly allowed the appeal, deleting the addition of Rs. 2,00,000 towards gold and silver jewellery found during the search. The ITAT concluded that the possession of the seized jewellery was permissible under Circular No. 1916 issued by the CBDT, which allows possession of jewelry for family members within specified limits. Therefore, the addition was deleted based on the interpretation of the Circular regarding possession of jewelry for family members. en-us Thu, 29 Sep 2016 00:00:00 +0530 Sat, 18 Apr 2020 11:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287543 The ITAT partly allowed the appeal, deleting the addition of Rs. 2,00,000 towards gold and silver jewellery found during the search. The ITAT concluded that the possession of the seized jewellery was permissible under Circular No. 1916 issued by the CBDT, which allows possession of jewelry for family members within specified limits. Therefore, the addition was deleted based on the interpretation of the Circular regarding possession of jewelry for family members. Case-Laws Income Tax Thu, 29 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287543