https://www.taxtmi.com/caselaws?id=444833 ITAT Delhi ruled in favor of the assessee regarding additions under section 69A for cash found in joint locker and unexplained jewellery. The tribunal held that cash receipts as gifts and pin money from spouse were reasonable given the assessee's upper-class status and substantial declared income over six years. For jewellery claimed as stree dhan, the tribunal applied CBDT instructions and precedents, finding the quantity reasonable for a wealthy family over 25 years of marriage. The solitaire ring addition was also deleted as purchase was properly explained with supporting documentation. en-us Mon, 16 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444833 ITAT Delhi ruled in favor of the assessee regarding additions under section 69A for cash found in joint locker and unexplained jewellery. The tribunal held that cash receipts as gifts and pin money from spouse were reasonable given the assessee's upper-class status and substantial declared income over six years. For jewellery claimed as stree dhan, the tribunal applied CBDT instructions and precedents, finding the quantity reasonable for a wealthy family over 25 years of marriage. The solitaire ring addition was also deleted as purchase was properly explained with supporting documentation. Case-Laws Income Tax Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444833