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Court Rules No Addition Needed for Unexplained Gold Jewelry Due to Wealthy Background and Family Gifts u/s 69A.

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....Addition u/s 69A r.w.s. 115BBE - unexplained gold jewellery of 1627.5 Grams - Stree dhan of women - quantity of gold jewellery in excess as allowed by the CBDT circular - since assessee belonged to a wealthy family and jewellery was received on occasions from relatives, excess jewellery was very much reasonable and, thus, no addition under section 69A was called for. - AT....

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Court Rules No Addition Needed for Unexplained Gold Jewelry Due to Wealthy Background and Family Gifts u/s 69A.