https://www.taxtmi.com/caselaws?id=466497 107.48 grams of gold jewellery found during search was treated as unexplained by the assessing officer; the taxpayer contended the jewellery was purchased from agricultural income of the HUF. The explanation was held plausible in light of prior acceptance of 850 grams under the CBDT instruction, and the assessing officer lacked justification to treat the remaining 107.48 grams as unexplained. Consequently the addition under unexplained assets provisions was deleted and the taxpayer's appeal allowed. en-us Wed, 17 May 2023 00:00:00 +0530 Tue, 10 Feb 2026 10:15:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466497 107.48 grams of gold jewellery found during search was treated as unexplained by the assessing officer; the taxpayer contended the jewellery was purchased from agricultural income of the HUF. The explanation was held plausible in light of prior acceptance of 850 grams under the CBDT instruction, and the assessing officer lacked justification to treat the remaining 107.48 grams as unexplained. Consequently the addition under unexplained assets provisions was deleted and the taxpayer's appeal allowed. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466497