https://www.taxtmi.com/caselaws?id=304349 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition of undisclosed investment in jewellery. It emphasized that in cases of jewellery received at the time of marriage within permissible limits, no addition should be made as per CBDT Circular No.19 of 2016 and relevant case laws. The Tribunal found the CIT(A)'s decision lacking supporting evidence and upheld the assessee's arguments, ultimately ruling in favor of the assessee and highlighting the importance of considering the circumstances of jewellery acquisition in income tax assessments. en-us Mon, 20 Nov 2017 00:00:00 +0530 Thu, 22 Sep 2022 07:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304349 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition of undisclosed investment in jewellery. It emphasized that in cases of jewellery received at the time of marriage within permissible limits, no addition should be made as per CBDT Circular No.19 of 2016 and relevant case laws. The Tribunal found the CIT(A)'s decision lacking supporting evidence and upheld the assessee's arguments, ultimately ruling in favor of the assessee and highlighting the importance of considering the circumstances of jewellery acquisition in income tax assessments. Case-Laws Income Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304349