https://www.taxtmi.com/caselaws?id=790842 Jewellery found during search was explained by affidavits, purchase invoices, bank withdrawals and family details showing gifts on ceremonial occasions and purchases from disclosed funds. The authorities' rejection of that explanation was found inconsistent with the surrounding facts and customary family possession of jewellery. CBDT guidance on seizure of jewellery supported acceptance of a reasonable quantity for family members, and the remaining jewellery was treated as explained on the material produced. The addition for unexplained jewellery was therefore deleted; the separate challenge to approval under section 153D was not adjudicated because it was not pressed. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790842 Jewellery found during search was explained by affidavits, purchase invoices, bank withdrawals and family details showing gifts on ceremonial occasions and purchases from disclosed funds. The authorities' rejection of that explanation was found inconsistent with the surrounding facts and customary family possession of jewellery. CBDT guidance on seizure of jewellery supported acceptance of a reasonable quantity for family members, and the remaining jewellery was treated as explained on the material produced. The addition for unexplained jewellery was therefore deleted; the separate challenge to approval under section 153D was not adjudicated because it was not pressed. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790842