https://www.taxtmi.com/article/detailed?id=13699 Tax authorities may deem unrecorded money, bullion or jewellery to be income if the owner fails to satisfactorily explain source; officers must apply a reasoned, non-arbitrary method when determining what portion is unexplained jewellery. Family customs, duration of marriage, joint locker ownership, and affidavits from family members can rebut presumptions of ownership by the locker operator, and absence of purchase invoices does not automatically compel an addition where contextual evidence plausibly explains acquisition. en-us Mon, 03 Mar 2025 08:27:15 +0530 Mon, 03 Mar 2025 08:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13699 Tax authorities may deem unrecorded money, bullion or jewellery to be income if the owner fails to satisfactorily explain source; officers must apply a reasoned, non-arbitrary method when determining what portion is unexplained jewellery. Family customs, duration of marriage, joint locker ownership, and affidavits from family members can rebut presumptions of ownership by the locker operator, and absence of purchase invoices does not automatically compel an addition where contextual evidence plausibly explains acquisition. Articles Income Tax Mon, 03 Mar 2025 08:27:15 +0530 https://www.taxtmi.com/article/detailed?id=13699