https://www.taxtmi.com/caselaws?id=445969 Survey-based additions for alleged excess jewellery stock were rejected where the books and survey records showed combined valuation of mixed items, negligible discrepancies against the total stock, and valuation estimates that could not reliably distinguish purity or embedded diamonds. For 22 kt gold and polki jewellery, the small gram difference was treated as a normal valuation and weighment variance, so the addition was deleted. For 14 kt and 18 kt jewellery, inter-mixing and the absence of clear purity tagging meant the gap was only an estimation variance, not unexplained stock, so the addition was deleted. For studded jewellery, the diamond quantity was derived from gross-weight estimates and was insufficient to support an addition, so that addition was also deleted. en-us Wed, 08 Nov 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445969 Survey-based additions for alleged excess jewellery stock were rejected where the books and survey records showed combined valuation of mixed items, negligible discrepancies against the total stock, and valuation estimates that could not reliably distinguish purity or embedded diamonds. For 22 kt gold and polki jewellery, the small gram difference was treated as a normal valuation and weighment variance, so the addition was deleted. For 14 kt and 18 kt jewellery, inter-mixing and the absence of clear purity tagging meant the gap was only an estimation variance, not unexplained stock, so the addition was deleted. For studded jewellery, the diamond quantity was derived from gross-weight estimates and was insufficient to support an addition, so that addition was also deleted. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445969