https://www.taxtmi.com/caselaws?id=466237 Assessing officer's additions treating share investments and unsecured loans as non-genuine were reversed because the assessee produced confirmations and documentary evidence which the AO did not independently examine or disprove; accordingly those additions were deleted. An addition on alleged undisclosed jewellery was set aside where jewellery was found in a shared residence, affidavit evidence allocated specific items to family members, and the AO made an equal apportionment without identifying ownership; additions based on estimation and conjecture were therefore unsustainable and directed to be deleted. en-us Tue, 06 Aug 2024 00:00:00 +0530 Fri, 30 Jan 2026 19:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466237 Assessing officer's additions treating share investments and unsecured loans as non-genuine were reversed because the assessee produced confirmations and documentary evidence which the AO did not independently examine or disprove; accordingly those additions were deleted. An addition on alleged undisclosed jewellery was set aside where jewellery was found in a shared residence, affidavit evidence allocated specific items to family members, and the AO made an equal apportionment without identifying ownership; additions based on estimation and conjecture were therefore unsustainable and directed to be deleted. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466237