Fixed Deposits, Silverware Gifts Exempt; Undisclosed Income & Travel Expenses Upheld; Marriage Costs Adjusted.

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....Addition of fixed deposits and interest thereon in wife's name was deleted as the Revenue could not controvert that the deposits belonged to the assessee's wife from her marriage gift. Addition of silverware weighing 33 kgs was deleted as the assessee's wife owned these assets gifted by her father. Estimated marriage expenses were restricted to Rs. 3 lakhs instead of Rs. 5 lakhs estimated by AO. Personal drawings addition was limited to Rs. 2.7 lakhs for rental payments instead of Rs. 8.05 lakhs estimated by AO. Advance tax payments of Rs. 1.3 lakhs, foreign trip expenses, and bank deposits additions were upheld. Investment of Rs. 3 lakhs in Himalaya Benefit Fund and consequential interest of Rs. 4.77 lakhs were confirmed as undisclosed inc.........