https://www.taxtmi.com/caselaws?id=800328 Section 69A requires a satisfactory explanation of the nature and source of jewellery found in a taxpayer's possession. Valuation reports for the taxpayer and family members may support a claim that jewellery is old and derived from ancestral inheritance and gifts accumulated over time. CBDT Instruction No. 1916 operates as a guiding measure in assessing explained family jewellery, with family status, customary practices and relevant circumstances considered. Jewellery within the family-based benchmark, including marginal excess, was treated as reasonably explained rather than taxable unexplained income. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800328 Section 69A requires a satisfactory explanation of the nature and source of jewellery found in a taxpayer's possession. Valuation reports for the taxpayer and family members may support a claim that jewellery is old and derived from ancestral inheritance and gifts accumulated over time. CBDT Instruction No. 1916 operates as a guiding measure in assessing explained family jewellery, with family status, customary practices and relevant circumstances considered. Jewellery within the family-based benchmark, including marginal excess, was treated as reasonably explained rather than taxable unexplained income. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800328