https://www.taxtmi.com/caselaws?id=305001 The Tribunal restored the matter to the Assessing Officer for further verification regarding the addition of Rs. 23,54,184 on account of jewelry found during a search, as the bills submitted by the assessee were deemed lacking in credibility. However, the Tribunal deleted the addition of Rs. 1,00,000 under section 69A for cash found during the search, accepting the explanation provided by the assessee that the cash represented savings from monthly withdrawals for household expenses, supported by documentary evidence of bank withdrawals. As a result, the appeal of the assessee was allowed with specific directions outlined in the order. en-us Thu, 30 Jun 2022 00:00:00 +0530 Thu, 10 Nov 2022 09:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305001 The Tribunal restored the matter to the Assessing Officer for further verification regarding the addition of Rs. 23,54,184 on account of jewelry found during a search, as the bills submitted by the assessee were deemed lacking in credibility. However, the Tribunal deleted the addition of Rs. 1,00,000 under section 69A for cash found during the search, accepting the explanation provided by the assessee that the cash represented savings from monthly withdrawals for household expenses, supported by documentary evidence of bank withdrawals. As a result, the appeal of the assessee was allowed with specific directions outlined in the order. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305001