https://www.taxtmi.com/highlights?id=74473 Addition u/s 69A - unexplained jewellery - The Tribunal found that the addition made by the AO was not justified, especially in light of the appellant's consistent income and status. - While assessing unexplained jewelry, the AO must consider the assessee's income, status, and cultural norms, and that mere possession of jewelry beyond a certain limit doesn't necessarily imply undisclosed income. - AT en-us Tue, 30 Jan 2024 08:51:12 +0530 Tue, 30 Jan 2024 08:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74473 Addition u/s 69A - unexplained jewellery - The Tribunal found that the addition made by the AO was not justified, especially in light of the appellant's consistent income and status. - While assessing unexplained jewelry, the AO must consider the assessee's income, status, and cultural norms, and that mere possession of jewelry beyond a certain limit doesn't necessarily imply undisclosed income. - AT Highlights Income Tax Tue, 30 Jan 2024 08:51:12 +0530 https://www.taxtmi.com/highlights?id=74473