https://www.taxtmi.com/highlights?id=73295 Estimation of income on deficit gold jewellery - in search proceedings AO noted shortage of stock of gold ornaments - It is quite natural to give telescopic benefit to the assessee by observing that the jewellery found at the residence of MD of present assessee is belong to the assessee itself and due telescoping benefit to be given. As such, the finding of lower authorities that there was suppression of sale of jewellery in the hands of assessee have no legs to stand. - AT en-us Wed, 29 Nov 2023 07:32:23 +0530 Wed, 29 Nov 2023 07:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73295 Estimation of income on deficit gold jewellery - in search proceedings AO noted shortage of stock of gold ornaments - It is quite natural to give telescopic benefit to the assessee by observing that the jewellery found at the residence of MD of present assessee is belong to the assessee itself and due telescoping benefit to be given. As such, the finding of lower authorities that there was suppression of sale of jewellery in the hands of assessee have no legs to stand. - AT Highlights Income Tax Wed, 29 Nov 2023 07:32:23 +0530 https://www.taxtmi.com/highlights?id=73295