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2019 (8) TMI 1837 - AT - Income TaxUnexplained jewellery - addition of 270 Gms. of Gold - source of acquisition of ornaments - Jewellery found in possession of the family members is in accordance with customs and practice prevalent in the community - Scope of CBDT Circular No. 19 of 2016 - assessee submits that the assessee claimed that out of total gold jewellery of 371 gram belongs to a married female member - HELD THAT:- The impugned jewellery of 270 gms is much less than 500 gms as per CBDT Circular No. 19 of 2016, in our view, the ratio of SATYA NARAIN PATNI [2014 (5) TMI 1002 - RAJASTHAN HIGH COURT] clearly covers the issue in favour of assessee. Therefore, we direct the Assessing Officer to allow the relief to the assessee in directing to delete the addition on account of unexplained investment. - Decided in favour of assessee.
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