https://www.taxtmi.com/caselaws?id=403487 The Tribunal directed the AO to verify and adjust the additions based on detailed instructions and evidence presented. The Tribunal found discrepancies in the AO's assessment regarding bullion ownership and directed further verification. It deemed the jewellery purchase genuine and instructed deletion of the addition. Regarding undisclosed jewellery investment, the Tribunal supported the family's possession within prescribed limits and directed the AO to credit all family members accordingly. The appeal was allowed for statistical purposes, with the case remanded to the AO for compliance with the Tribunal's directions. en-us Thu, 28 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403487 The Tribunal directed the AO to verify and adjust the additions based on detailed instructions and evidence presented. The Tribunal found discrepancies in the AO's assessment regarding bullion ownership and directed further verification. It deemed the jewellery purchase genuine and instructed deletion of the addition. Regarding undisclosed jewellery investment, the Tribunal supported the family's possession within prescribed limits and directed the AO to credit all family members accordingly. The appeal was allowed for statistical purposes, with the case remanded to the AO for compliance with the Tribunal's directions. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403487