https://www.taxtmi.com/caselaws?id=293021 The tribunal dismissed both the assessee's and the revenue's appeals, upholding the CIT(A)'s order regarding the disputed jewellery valuation and the benefit of Circular No.1916. The tribunal allowed additional benefit to the assessee based on a valuation report and Will of Virbalaben for specific jewellery locations, emphasizing ownership proof. It rejected extending Circular No.1916 benefits to other family members, affirming that it applies only to specific individuals. The judgment was pronounced on 21/06/2013. en-us Fri, 21 Jun 2013 00:00:00 +0530 Tue, 19 Jan 2021 15:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293021 The tribunal dismissed both the assessee's and the revenue's appeals, upholding the CIT(A)'s order regarding the disputed jewellery valuation and the benefit of Circular No.1916. The tribunal allowed additional benefit to the assessee based on a valuation report and Will of Virbalaben for specific jewellery locations, emphasizing ownership proof. It rejected extending Circular No.1916 benefits to other family members, affirming that it applies only to specific individuals. The judgment was pronounced on 21/06/2013. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293021