https://www.taxtmi.com/caselaws?id=798893 Section 69A requires jewellery to be assessed as unexplained only where the taxpayer's explanation of its nature and source is unsupported. Consistent historical wealth-tax records, valuation reports, family-distribution evidence and physical verification can explain inherited or long-held jewellery; non-filing of wealth-tax returns alone does not prove disposal. Accordingly, the disclosed jewellery was treated as satisfactorily explained. Brokerage for property identification and negotiation is ordinarily personal-service income and cannot be attributed to an HUF without a real nexus to HUF funds or assets. Where the individual service provider was separately paid for the same transaction, an additional HUF payment was not established as deductible investment cost. en-us Tue, 01 Sep 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798893 Section 69A requires jewellery to be assessed as unexplained only where the taxpayer's explanation of its nature and source is unsupported. Consistent historical wealth-tax records, valuation reports, family-distribution evidence and physical verification can explain inherited or long-held jewellery; non-filing of wealth-tax returns alone does not prove disposal. Accordingly, the disclosed jewellery was treated as satisfactorily explained. Brokerage for property identification and negotiation is ordinarily personal-service income and cannot be attributed to an HUF without a real nexus to HUF funds or assets. Where the individual service provider was separately paid for the same transaction, an additional HUF payment was not established as deductible investment cost. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798893