Tag: jewellery found in search

In the absence of finding as to the year of purchase, jewellery found in locker would not represent the undisclosed income as defined in the explanation to section 271AAB of the Act   ABCAUS Case Law Citation: ABCAUS 2887 (2019) (04) ITAT Important Case Laws Cited/relied upon by …

Jewellery Bills found during search-benefit of CBDT Instruction can not be denied if only bills are found and the jewellery is not available ABCAUS Case Law Citation: ABCAUS 2778 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT V Rtanlal Vyaparilal Jain 339 ITR 351 …

It is common practice in Indian household that ladies share locker for keeping jewellery with family members- ITAT deletes addition made without any enquiry  ABCAUS Case Law Citation: ABCAUS 2718 (2019) (01) ITAT Important Case Laws Cited/relied upon: Sunita Nigam Vs. DCIT (Central) (2018) 33 ITJ 837   …