https://www.taxtmi.com/caselaws?id=767073 ITAT Delhi allowed the assessee's appeal regarding unexplained jewellery additions under section 69A. The tribunal found that 300 grams of jewellery was validly gifted jointly by a donor and spouse, with an additional 350 grams gifted separately by the donor, supported by affidavit evidence. The CIT(A) erred in rejecting the gift claim without proper consideration. Gold jewellery of 27.9 grams valued at Rs. 82,703 could be accepted as Stridhana given the family's status. The AO incorrectly valued 85.5 grams of silver jewellery at gold rates instead of proper silver valuation of Rs. 3,420. Lower authorities committed errors in doubting legitimate explanations for the jewellery holdings. en-us Fri, 07 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767073 ITAT Delhi allowed the assessee's appeal regarding unexplained jewellery additions under section 69A. The tribunal found that 300 grams of jewellery was validly gifted jointly by a donor and spouse, with an additional 350 grams gifted separately by the donor, supported by affidavit evidence. The CIT(A) erred in rejecting the gift claim without proper consideration. Gold jewellery of 27.9 grams valued at Rs. 82,703 could be accepted as Stridhana given the family's status. The AO incorrectly valued 85.5 grams of silver jewellery at gold rates instead of proper silver valuation of Rs. 3,420. Lower authorities committed errors in doubting legitimate explanations for the jewellery holdings. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767073