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2018 (6) TMI 26 - ITAT MUMBAIUnexplained value of jewellery found during search conducted u/s 132 - addition to returned income - jewellery found within the limits prescribed by the CBDT - Held that:- In view of the judgement of the Hon'ble Rajasthan High Court in the case of CIT vs. Satya Narain Patni [2014 (5) TMI 1002 - RAJASTHAN HIGH COURT] - the assessee has not been assessed to wealth tax and the gold jewellery found was within the permissible limits contained in the CBDT circular dated 11.05.1994, also the jewellery were not seized - thus it was held that no addition thereafter was justifiable - Decided in favor of assessee.
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