https://www.taxtmi.com/caselaws?id=434246 The appeals, though time-barred, were admitted for adjudication due to reasonable cause and a short delay. The common issue involved the addition by the Assessing Officer regarding unexplained gold jewellery and ornaments. The CIT(A) partially restricted the additions and allowed a rebate as per CBDT Instruction No.1916. The Tribunal, after reviewing evidence provided by the assessees, remanded the cases back to the AO for detailed verification of the sources of jewellery. Ultimately, all three appeals were allowed for statistical purposes, setting aside the previous orders and emphasizing the importance of providing detailed explanations and evidence for accurate assessments. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434246 The appeals, though time-barred, were admitted for adjudication due to reasonable cause and a short delay. The common issue involved the addition by the Assessing Officer regarding unexplained gold jewellery and ornaments. The CIT(A) partially restricted the additions and allowed a rebate as per CBDT Instruction No.1916. The Tribunal, after reviewing evidence provided by the assessees, remanded the cases back to the AO for detailed verification of the sources of jewellery. Ultimately, all three appeals were allowed for statistical purposes, setting aside the previous orders and emphasizing the importance of providing detailed explanations and evidence for accurate assessments. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434246