https://www.taxtmi.com/caselaws?id=294682 The appeal was filed against the addition of the value of jewellery seized during a search operation as unaccounted investment under section 69B. The Tribunal allowed 1300 grams of gold for family members, applying the principle of telescoping for the remaining 223.8 grams. The Tribunal directed the Assessing Officer to determine taxable income by telescoping the unexplained investment against the appellant group's income. The appeal was partly allowed for statistical purposes. en-us Wed, 13 Nov 2013 00:00:00 +0530 Wed, 28 Apr 2021 11:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294682 The appeal was filed against the addition of the value of jewellery seized during a search operation as unaccounted investment under section 69B. The Tribunal allowed 1300 grams of gold for family members, applying the principle of telescoping for the remaining 223.8 grams. The Tribunal directed the Assessing Officer to determine taxable income by telescoping the unexplained investment against the appellant group's income. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294682