https://www.taxtmi.com/caselaws?id=397873 The Tribunal ruled in favor of the assessee, deleting the addition for unexplained jewelry and the disallowance of maintenance charges. The decision highlighted the significance of historical evidence and factual accuracy in tax assessments. The Tribunal found that the jewelry weight discrepancy and lack of sales since the previous search justified the deletion of the jewelry addition. Additionally, the disallowance of maintenance charges was overturned as the claim had already been adjusted correctly in the income computation. en-us Thu, 27 Aug 2020 00:00:00 +0530 Mon, 31 Aug 2020 18:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397873 The Tribunal ruled in favor of the assessee, deleting the addition for unexplained jewelry and the disallowance of maintenance charges. The decision highlighted the significance of historical evidence and factual accuracy in tax assessments. The Tribunal found that the jewelry weight discrepancy and lack of sales since the previous search justified the deletion of the jewelry addition. Additionally, the disallowance of maintenance charges was overturned as the claim had already been adjusted correctly in the income computation. Case-Laws Income Tax Thu, 27 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397873