TMI Blog2023 (2) TMI 761X X X X Extracts X X X X X X X X Extracts X X X X ..... es will file all these details before AO, who will verify and examine in detail the source of jewellery as well as explanation. In term of the above, all the three appeals are allowed for statistical purposes. - ITA No.: 3427/CHNY/2019 And ITA No.: 3428/CHNY/2019 And ITA No.: 3429/CHNY/2019 - - - Dated:- 11-1-2023 - Shri Mahavir Singh, Vice President And Shri G. Manjunatha, Accountant Member For the Appellants : Shri G. Sekar, CA And Shri S. Sashank Srivatsan,CA For the Respondent : Shri R. Mohan Reddy, CIT ORDER PER MAHAVIR SINGH, VICE PRESIDENT: These three appeals by the three different assessees are arising out of different orders of the Commissioner of Income Tax (Appeals)-19, Chennai in ITA No.320/17-18, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... facts from ITA No.3427/CHNY/2019 in the case of V.V.V.R. Thendral for assessment year 2016-17. 4. Brief facts are that the assessee submitted that the gold owned by family which is to the tune of 3,297.006 grams. The AO noted that at the time of search by the Department on 17.11.2015 gold weighing 2700.5 grams belonging to the assessee and 2009.27 grams belonging to Smt. V.R. Jegathambal and 400 grams was seized from the share of the assessee. He noted that the gold weighing 2009.27 grams belonging to Smt. V.R. Jegathambal for which wealth tax returns were filed by the assessee up to assessment year 2015-16 and th e same was accepted. The AO noted that the assessee at the time of search could not explain the balance of 2700.50 grams of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e particularly drew our attention to many bills and vouchers on purchase of jewellery prior to the date of search and through cheques. When these were confronted to ld.CIT-DR, he stated that he need time to study this paper-book and to verify these bills and vouchers, he will refer the matter back to the file of the AO for taking remand report. At this point of time, the Bench advised both that let the AO verify all the bills and vouchers and consequent payment by cheque or cash whether explained or not, matter can be remanded back to the file of the AO, the assessee will file all these paper-books before AO and will explain before him that how much jewellery is purchased prior to the date of search and through explained sources. In case, t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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