https://www.taxtmi.com/caselaws?id=399481 The Tribunal partly allowed the appeal for statistical purposes. It upheld the addition of cash found during the search as the assessee failed to prove it belonged to the trust. Regarding the jewellery, the Tribunal directed a fresh adjudication by the AO to clarify ownership of jewellery found at different locations. The importance of establishing ownership and sources of cash and jewellery during search operations under the Income-tax Act was emphasized. en-us Fri, 09 Oct 2020 00:00:00 +0530 Sat, 10 Oct 2020 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399481 The Tribunal partly allowed the appeal for statistical purposes. It upheld the addition of cash found during the search as the assessee failed to prove it belonged to the trust. Regarding the jewellery, the Tribunal directed a fresh adjudication by the AO to clarify ownership of jewellery found at different locations. The importance of establishing ownership and sources of cash and jewellery during search operations under the Income-tax Act was emphasized. Case-Laws Income Tax Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399481