https://www.taxtmi.com/caselaws?id=467084 Two revenue additions were addressed: (i) Cash alleged as unexplained under Section 68 - tribunal accepted the assessee's explanation that the cash was received from the husband, supported by sale agreement, affidavits, income-tax returns, bank statements and purchaser confirmations; absent independent contrary evidence, the Section 68 addition was deleted. (ii) Jewellery valuation addition - tribunal accepted affidavits and custody explanations for jewellery as family gifts/streedhan, applied the relevant CBDT instruction and reconciled weights; jewellery attributable to the assessee and relatives was held explained and the addition was deleted. Both assessment adjustments were set aside. en-us Thu, 16 May 2024 00:00:00 +0530 Thu, 05 Mar 2026 10:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467084 Two revenue additions were addressed: (i) Cash alleged as unexplained under Section 68 - tribunal accepted the assessee's explanation that the cash was received from the husband, supported by sale agreement, affidavits, income-tax returns, bank statements and purchaser confirmations; absent independent contrary evidence, the Section 68 addition was deleted. (ii) Jewellery valuation addition - tribunal accepted affidavits and custody explanations for jewellery as family gifts/streedhan, applied the relevant CBDT instruction and reconciled weights; jewellery attributable to the assessee and relatives was held explained and the addition was deleted. Both assessment adjustments were set aside. Case-Laws Income Tax Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467084