https://www.taxtmi.com/caselaws?id=56155 The Tribunal upheld the CIT(A)'s decision, ruling that the gold ornaments and jewelry seized did not belong to the assessee but to his family members. The explanations and evidence presented were deemed satisfactory in establishing ownership. The Tribunal dismissed the Revenue's appeal, stating that the Assessing Officer failed to discharge the burden of proving ownership and that the assessment was not barred by limitation. en-us Wed, 28 Feb 1996 00:00:00 +0530 Thu, 02 Dec 2010 09:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56155 The Tribunal upheld the CIT(A)'s decision, ruling that the gold ornaments and jewelry seized did not belong to the assessee but to his family members. The explanations and evidence presented were deemed satisfactory in establishing ownership. The Tribunal dismissed the Revenue's appeal, stating that the Assessing Officer failed to discharge the burden of proving ownership and that the assessment was not barred by limitation. Case-Laws Income Tax Wed, 28 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56155