https://www.taxtmi.com/caselaws?id=456424 The ITAT ruled in favor of the assessee, overturning the Ld. CIT(A)'s decision. The Tribunal determined that the excess gold jewellery, initially assessed as income by the AO, belonged to family members, particularly the mother of the assessee. Considering CBDT guidelines and familial relationships, the Tribunal quashed the previous order, allowing the appeal. en-us Wed, 27 Jul 2022 00:00:00 +0530 Tue, 05 Nov 2024 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456424 The ITAT ruled in favor of the assessee, overturning the Ld. CIT(A)'s decision. The Tribunal determined that the excess gold jewellery, initially assessed as income by the AO, belonged to family members, particularly the mother of the assessee. Considering CBDT guidelines and familial relationships, the Tribunal quashed the previous order, allowing the appeal. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456424