https://www.taxtmi.com/caselaws?id=418508 The Tribunal ruled in favor of the assessees, directing the deletion of additions related to cash found in lockers and jewelry as unexplained income under Section 69A of the Income Tax Act. The Tribunal emphasized that the cash had already been taxed in the hands of another individual, preventing double taxation. The jewelry found was within permissible limits as per CBDT Circular, leading to the deletion of its addition. The decision was based on evidence, legal provisions, and the principle of avoiding double taxation. en-us Mon, 07 Feb 2022 00:00:00 +0530 Wed, 16 Feb 2022 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418508 The Tribunal ruled in favor of the assessees, directing the deletion of additions related to cash found in lockers and jewelry as unexplained income under Section 69A of the Income Tax Act. The Tribunal emphasized that the cash had already been taxed in the hands of another individual, preventing double taxation. The jewelry found was within permissible limits as per CBDT Circular, leading to the deletion of its addition. The decision was based on evidence, legal provisions, and the principle of avoiding double taxation. Case-Laws Income Tax Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418508