https://www.taxtmi.com/caselaws?id=55938 The Department appealed against the order of the AAC, challenging the explanation provided by the assessee regarding the possession of silver coins. The Tribunal found the claim of receiving the coins as a gift in 1964 improbable and questioned the practicality of such a scenario. The Tribunal set aside the AAC's decision and restored the addition of Rs. 16,345 for the value of the silver coins, ruling in favor of the Department. en-us Mon, 19 Jun 1989 00:00:00 +0530 Tue, 30 Nov 2010 17:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55938 The Department appealed against the order of the AAC, challenging the explanation provided by the assessee regarding the possession of silver coins. The Tribunal found the claim of receiving the coins as a gift in 1964 improbable and questioned the practicality of such a scenario. The Tribunal set aside the AAC's decision and restored the addition of Rs. 16,345 for the value of the silver coins, ruling in favor of the Department. Case-Laws Income Tax Mon, 19 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55938