https://www.taxtmi.com/caselaws?id=756641 ITAT Delhi examined unexplained jewellery under section 69A and accepted that customary credit under CBDT Instruction No. 1916 may be allowed for jewellery attributable to a married daughter kept with the maternal family; the addition was therefore unsustainable to that extent and relief was granted. It also noted that the cash explanation relied on material relating to companies and family members, but the supporting evidence had not been confronted to the Assessing Officer and no remand report had been obtained. To preserve compliance with natural justice and Rule 46A, the cash issue was remitted for fresh verification and adjudication. en-us Thu, 13 Jun 2024 00:00:00 +0530 Wed, 07 Aug 2024 06:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756641 ITAT Delhi examined unexplained jewellery under section 69A and accepted that customary credit under CBDT Instruction No. 1916 may be allowed for jewellery attributable to a married daughter kept with the maternal family; the addition was therefore unsustainable to that extent and relief was granted. It also noted that the cash explanation relied on material relating to companies and family members, but the supporting evidence had not been confronted to the Assessing Officer and no remand report had been obtained. To preserve compliance with natural justice and Rule 46A, the cash issue was remitted for fresh verification and adjudication. Case-Laws Income Tax Thu, 13 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756641