https://www.taxtmi.com/caselaws?id=431582 The High Court upheld the Appellate Tribunal's decision to reverse the Commissioner of Income Tax (Appeals)'s order regarding unexplained jewelry, reinstating the addition of Rs.9,27,676/- as unexplained. The court dismissed one appeal and remitted another back to the Assessing Officer for reassessment within three months, emphasizing the Tribunal's role as the final fact-finder. The focus was on the lack of concrete evidence and inconsistencies in the appellants' explanations regarding the possession of jewelry. en-us Fri, 02 Dec 2022 00:00:00 +0530 Wed, 14 Dec 2022 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431582 The High Court upheld the Appellate Tribunal's decision to reverse the Commissioner of Income Tax (Appeals)'s order regarding unexplained jewelry, reinstating the addition of Rs.9,27,676/- as unexplained. The court dismissed one appeal and remitted another back to the Assessing Officer for reassessment within three months, emphasizing the Tribunal's role as the final fact-finder. The focus was on the lack of concrete evidence and inconsistencies in the appellants' explanations regarding the possession of jewelry. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431582