https://www.taxtmi.com/caselaws?id=444430 The Tribunal allowed the assessee's appeal, deleting the addition of Rs. 20,44,870/- as unexplained jewellery. The Tribunal found that the CBDT's Instruction No. 1916 should not restrict the eligible amount of jewellery and considered the family's substantial income and withdrawals over the years as justification for the possession of the jewellery. The Tribunal emphasized the importance of considering the family's status, customs, and traditions in such cases and relied on precedents to support its decision. en-us Fri, 06 Oct 2023 00:00:00 +0530 Mon, 16 Oct 2023 08:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444430 The Tribunal allowed the assessee's appeal, deleting the addition of Rs. 20,44,870/- as unexplained jewellery. The Tribunal found that the CBDT's Instruction No. 1916 should not restrict the eligible amount of jewellery and considered the family's substantial income and withdrawals over the years as justification for the possession of the jewellery. The Tribunal emphasized the importance of considering the family's status, customs, and traditions in such cases and relied on precedents to support its decision. Case-Laws Income Tax Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444430