2014 (4) TMI 673

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....urable Ms. Justice Sonia Gokani) Challenging the order of the Income Tax Appellate Tribunal dated 24th May 2013, present Tax Appeal is preferred raising following substantial questions of law for our consideration: "A. Whether on the facts and in law, the Income Tax Appellate Tribunal is justified in holding the Will to be genuine more so when the Assessee had failed to discharge its burden ....

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....ed the addition of Rs.35.21 lacs (rounded off) added on account of jewelry and also the addition of Rs.18 lacs as unexplained income. This was when challenged before the Tribunal, it concurred with the findings of the CIT(Appeals), however, partly allowed the appeal to the extent of Rs.8 lacs out of Rs.18 lacs added as unexplained income. Therefore, the present appeal raising the aforementioned....

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....ertificate furnished by the advocate and that of notary in whose presence the Will was executed were on record and genuineness of such Will was also sustainable. The respondent assessee being the only daughter and her father belonged to the reputed family of jewellers for more than three generations who were also jewellers to the royal family of Gaikwad, erstwhile rulers of Baroda State. These anc....