https://www.taxtmi.com/caselaws?id=58721 The Tribunal partially allowed the assessee's appeal and dismissed the Department's appeal in a case involving assessment for 1975-76. The Tribunal upheld the deletion of certain amounts attributed to family members based on credible explanations and evidence provided by the assessee. However, a balance of Rs. 20,000 remained unexplained, emphasizing the importance of substantiating ownership and valuation claims regarding jewelleries found during a search with credible evidence. en-us Fri, 10 Apr 1981 00:00:00 +0530 Tue, 21 Dec 2010 16:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58721 The Tribunal partially allowed the assessee's appeal and dismissed the Department's appeal in a case involving assessment for 1975-76. The Tribunal upheld the deletion of certain amounts attributed to family members based on credible explanations and evidence provided by the assessee. However, a balance of Rs. 20,000 remained unexplained, emphasizing the importance of substantiating ownership and valuation claims regarding jewelleries found during a search with credible evidence. Case-Laws Income Tax Fri, 10 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58721