https://www.taxtmi.com/caselaws?id=467540 Declared income remained available and unutilized, so telescopic credit was allowed against cash found during search and the addition was unsustainable. For jewellery, the Revenue failed to prove any quantitative mismatch and relied only on a higher valuation; the assessee's explanation of appreciation in gold prices was accepted, so that addition was also unsustainable. The Tribunal accordingly upheld the deletions and rejected the Revenue's challenge. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 23 Mar 2026 20:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467540 Declared income remained available and unutilized, so telescopic credit was allowed against cash found during search and the addition was unsustainable. For jewellery, the Revenue failed to prove any quantitative mismatch and relied only on a higher valuation; the assessee's explanation of appreciation in gold prices was accepted, so that addition was also unsustainable. The Tribunal accordingly upheld the deletions and rejected the Revenue's challenge. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467540