https://www.taxtmi.com/caselaws?id=60136 Ownership claims over seized ornaments require credible supporting evidence, including identifying records, receipts, consistent timing of claims, and financial capacity of the alleged owners. Where valuable ornaments are recovered from licensed business premises, remain unidentified, and are claimed by relatives only after a substantial delay, surrounding circumstances and overall probabilities may undermine the explanation that they were private family assets. The burden remains on the assessee to establish that the ornaments did not constitute the assessee's assets. Failure to discharge that burden supports treatment of their value as income from undisclosed sources under section 69A. en-us Sat, 07 Jan 1984 00:00:00 +0530 Mon, 03 Jan 2011 18:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60136 Ownership claims over seized ornaments require credible supporting evidence, including identifying records, receipts, consistent timing of claims, and financial capacity of the alleged owners. Where valuable ornaments are recovered from licensed business premises, remain unidentified, and are claimed by relatives only after a substantial delay, surrounding circumstances and overall probabilities may undermine the explanation that they were private family assets. The burden remains on the assessee to establish that the ornaments did not constitute the assessee's assets. Failure to discharge that burden supports treatment of their value as income from undisclosed sources under section 69A. Case-Laws Income Tax Sat, 07 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60136