https://www.taxtmi.com/caselaws?id=57171 The ITAT, in a case involving the addition of Rs. 22,630 under section 69A for a discrepancy in gold purity and sale of ornaments, overturned the lower authorities' decision. The ITAT found that the assessee had adequately explained the source of the jewelry sold, emphasizing that the gold purity difference was not significant. Consequently, the ITAT ruled in favor of the assessee, deleting the Rs. 22,630 from the total income assessment and allowing the appeal. en-us Mon, 07 Jun 1982 00:00:00 +0530 Wed, 08 Dec 2010 17:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57171 The ITAT, in a case involving the addition of Rs. 22,630 under section 69A for a discrepancy in gold purity and sale of ornaments, overturned the lower authorities' decision. The ITAT found that the assessee had adequately explained the source of the jewelry sold, emphasizing that the gold purity difference was not significant. Consequently, the ITAT ruled in favor of the assessee, deleting the Rs. 22,630 from the total income assessment and allowing the appeal. Case-Laws Income Tax Mon, 07 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57171