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2011 (7) TMI 218 - DELHI HIGH COURTBlock assessment - Search and seizure - Addition - With regard to the stock of jewellery, the appellant sought to explain that 244 grams of gold belonged to his business and 283.28 grams of gold belonged to his customers who had given either for repair or for making of new jewellery - It is noted that in his statement recorded on oath the assessee had not stated any jewellery belonging to his wife or his sister-in-law to be lying in the shop - Tribunal noted that there were certain affidavits where jewellery was given in the month of February 2002 - Held that: jewellery was given for repairs and was lying with the appellant for a period of more than six months to four years. He rightly recorded that no customers would give gold jewellery for repair or polish for such a long time Regarding addition of Rs. 1,60,000 - There was no documentary evidence much less any books of accounts to substantiate the plea of the appellant that Rs. 1,60,000/- was the amount out of sale proceeds and was kept in the house for all this period Regarding addition of Rs. 1,50,000 - Moreover, no such contention was made by the appellant in his statement recorded on oath after the search. We do not find any perversity in this finding of the authorities below - Appeal is dismissed
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