https://www.taxtmi.com/caselaws?id=311695 Addition under section 69A for unexplained jewellery was deleted because the assessee produced valuation reports, purchase bills, remaking bills and payment details, while the Assessing Officer relied only on suspicion and failed to establish any cogent discrepancy. Addition under section 69A for unexplained money based on diary entries was also deleted because the diary belonged to a third person, who stated that the notings related to his own dealings, and the Revenue produced no independent corroboration against the assessee. The appellate relief was sustained on both issues. en-us Tue, 09 Apr 2019 00:00:00 +0530 Tue, 09 Jan 2024 11:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311695 Addition under section 69A for unexplained jewellery was deleted because the assessee produced valuation reports, purchase bills, remaking bills and payment details, while the Assessing Officer relied only on suspicion and failed to establish any cogent discrepancy. Addition under section 69A for unexplained money based on diary entries was also deleted because the diary belonged to a third person, who stated that the notings related to his own dealings, and the Revenue produced no independent corroboration against the assessee. The appellate relief was sustained on both issues. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311695