https://www.taxtmi.com/caselaws?id=766373 Additions for unexplained jewellery under section 69A were held unsustainable where a jointly held locker contained jewellery identified by the assessee as belonging to her daughter, and the daughter's affidavit supported that claim. The record did not contain material to discredit either the assessee's statement at search or the affidavit explaining that the jewellery had been received from parents and relatives on family occasions. Mere regular operation of the locker by the assessee was insufficient, on these facts, to presume exclusive ownership in her name, so the addition was deleted. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 24 Feb 2025 08:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766373 Additions for unexplained jewellery under section 69A were held unsustainable where a jointly held locker contained jewellery identified by the assessee as belonging to her daughter, and the daughter's affidavit supported that claim. The record did not contain material to discredit either the assessee's statement at search or the affidavit explaining that the jewellery had been received from parents and relatives on family occasions. Mere regular operation of the locker by the assessee was insufficient, on these facts, to presume exclusive ownership in her name, so the addition was deleted. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766373