Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (9) TMI 1335 - AT - Income TaxUnexplained jewellery - search & seizure operation u/s 132(1) - HELD THAT:- We find that Sh. S. C. Mittal, father-in-law of the assessee staying under the same roof, as the head of the joint family has disclosed an amount equal to the unaccounted jewellery seized belonging to the entire family as an undisclosed income. The vary purpose of centralization o f the cases of the family members is to have a comprehensive understanding and determination of undisclosed income. In the instant case , since the undisclosed income determined tallies with the undisclosed income declared in the return, no separate addition in the hands of the assessee is called for - Appeal of the assessee is allowed.
|