https://www.taxtmi.com/caselaws?id=468373 Jewellery found during search at the residence of an assessee and her family members was explained as family-owned ornaments accumulated over time through customary occasions and gifts. Where the quantity attributable to each family member fell within the limits recognised in the CBDT circular, judicial precedents accepted that such jewellery should not be treated as unexplained. On that basis, the addition for unexplained jewellery was deleted and the matter was decided in favour of the assessee. en-us Wed, 26 Jul 2023 00:00:00 +0530 Sat, 02 May 2026 11:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468373 Jewellery found during search at the residence of an assessee and her family members was explained as family-owned ornaments accumulated over time through customary occasions and gifts. Where the quantity attributable to each family member fell within the limits recognised in the CBDT circular, judicial precedents accepted that such jewellery should not be treated as unexplained. On that basis, the addition for unexplained jewellery was deleted and the matter was decided in favour of the assessee. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468373