https://www.taxtmi.com/caselaws?id=59905 The Tribunal ruled in favor of the assessee, deciding that the jewellery found in the locker should be excluded from the assessee's wealth as it was deemed to have been gifted to the daughter. Despite the lack of documentary evidence like a gift deed or proof of gift-tax payment, the Tribunal emphasized the possession and control of the jewellery by the daughter, supporting the claim of gift. The appeals were allowed, and the value of the jewellery was directed to be excluded from the assessee's wealth for all the assessment years under appeal. en-us Wed, 09 Aug 2000 00:00:00 +0530 Sat, 01 Jan 2011 17:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59905 The Tribunal ruled in favor of the assessee, deciding that the jewellery found in the locker should be excluded from the assessee's wealth as it was deemed to have been gifted to the daughter. Despite the lack of documentary evidence like a gift deed or proof of gift-tax payment, the Tribunal emphasized the possession and control of the jewellery by the daughter, supporting the claim of gift. The appeals were allowed, and the value of the jewellery was directed to be excluded from the assessee's wealth for all the assessment years under appeal. Case-Laws Wealth-tax Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59905