2013 (11) TMI 1779

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....RAGHAVAN, J. This appeal is filed by the assessee against the Order of the CIT(A)-V, Hyderabad dated 10.07.2012 for the assessment year 2008-09. 2. Brief facts of the case are that the assessee is the wife of Shri Inderjeet Singh Makhija on whom a survey operation under section 133A was conducted on 29.11.2007 and subsequently, the survey was converted into search operation under section 132....

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....d that amounts was given to her for 'Stree Dhan' or jewellery received by her at the time of marriage. The CIT(A) held that keeping in view of the status of the assessee 500 grams of the jewellery is to be considered as gifts on the occasion of marriage as well as on other occasions and therefore, only the balance jewellery is to be held as purchases out of undisclosed sources and added the balanc....

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.... under section 132(4) of the I.T. Act wherein the family members have been listed as Inderijeet Singh Makhija, Satpreet Singh, Sanjeet Singh, Saran Kaur, Pooja. The learned Counsel for the assessee submitted that as per CBDT Instruction No. 1916, 500 grams of gold is to be allowed as normal jewellery received on marriage and other occasions in the case of a married lady and 100 grams in the c....