https://www.taxtmi.com/caselaws?id=56335 The appeal was partly allowed for statistical purposes, with the first issue remanded to the Commissioner of Income Tax (Appeals) for reconsideration and the second issue decided in favor of the assessee. The addition of Rs. 44,000 under Section 68 of the Income Tax Act, 1961 was remanded for fresh consideration, while the addition of Rs. 76,140 representing the value of 63.81 carats of diamonds was deleted in favor of the assessee based on the Tribunal's findings regarding the ownership and source of the diamonds. en-us Fri, 19 Oct 1990 00:00:00 +0530 Fri, 03 Dec 2010 11:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56335 The appeal was partly allowed for statistical purposes, with the first issue remanded to the Commissioner of Income Tax (Appeals) for reconsideration and the second issue decided in favor of the assessee. The addition of Rs. 44,000 under Section 68 of the Income Tax Act, 1961 was remanded for fresh consideration, while the addition of Rs. 76,140 representing the value of 63.81 carats of diamonds was deleted in favor of the assessee based on the Tribunal's findings regarding the ownership and source of the diamonds. Case-Laws Income Tax Fri, 19 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56335