https://www.taxtmi.com/caselaws?id=798474 Section 69A applies only where jewellery found in possession is not satisfactorily explained. Jewellery within customary family holdings may be assessed with reference to CBDT Instruction No. 1916, while earlier voluntary disclosure can independently support its source. In the absence of material proving exclusive ownership or unexplained acquisition in the relevant year, such jewellery is not taxable as unexplained assets. Section 69B requires evidence that an investment exceeds what is recorded in the books. Stock supported by contemporaneous purchase entries, invoices, banking payments and the actual owner's financial records is explained; valuation differences alone do not establish unrecorded investment without contrary material. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798474 Section 69A applies only where jewellery found in possession is not satisfactorily explained. Jewellery within customary family holdings may be assessed with reference to CBDT Instruction No. 1916, while earlier voluntary disclosure can independently support its source. In the absence of material proving exclusive ownership or unexplained acquisition in the relevant year, such jewellery is not taxable as unexplained assets. Section 69B requires evidence that an investment exceeds what is recorded in the books. Stock supported by contemporaneous purchase entries, invoices, banking payments and the actual owner's financial records is explained; valuation differences alone do not establish unrecorded investment without contrary material. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798474