https://www.taxtmi.com/caselaws?id=397183 The Tribunal allowed the assessee's appeal, ruling in favor of the assessee and deleting the additions made by the Assessing Officer and confirmed by the ld. CIT(A) for unexplained jewellery and silver items. The Tribunal considered the family ownership of the items, societal customs, and partial declarations in wealth tax returns, concluding that the additions were based on incomplete assessments and failed to acknowledge the cultural significance and family possession of the items. As a result, the Tribunal provided relief to the assessee by deleting the impugned additions. en-us Mon, 03 Aug 2020 00:00:00 +0530 Fri, 07 Aug 2020 07:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397183 The Tribunal allowed the assessee's appeal, ruling in favor of the assessee and deleting the additions made by the Assessing Officer and confirmed by the ld. CIT(A) for unexplained jewellery and silver items. The Tribunal considered the family ownership of the items, societal customs, and partial declarations in wealth tax returns, concluding that the additions were based on incomplete assessments and failed to acknowledge the cultural significance and family possession of the items. As a result, the Tribunal provided relief to the assessee by deleting the impugned additions. Case-Laws Income Tax Mon, 03 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397183