https://www.taxtmi.com/caselaws?id=782479 ITAT Delhi upheld the addition made pursuant to a search u/s 132, where 40 kg of unexplained gold bullion was found and valued by a government valuer. The assessee had declared the value of this gold as additional income in a return filed u/s 153A, offering it to tax u/s 69A. ITAT held that the return u/s 153A was technically valid and, as the source of the gold remained unexplained, addition u/s 69A and tax u/s 115BBE were correctly applied and confirmed by CIT(A). The assessee's appeal was dismissed. en-us Wed, 30 Jul 2025 00:00:00 +0530 Fri, 28 Nov 2025 12:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782479 ITAT Delhi upheld the addition made pursuant to a search u/s 132, where 40 kg of unexplained gold bullion was found and valued by a government valuer. The assessee had declared the value of this gold as additional income in a return filed u/s 153A, offering it to tax u/s 69A. ITAT held that the return u/s 153A was technically valid and, as the source of the gold remained unexplained, addition u/s 69A and tax u/s 115BBE were correctly applied and confirmed by CIT(A). The assessee's appeal was dismissed. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782479