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2017 (12) TMI 681 - ALLAHABAD HIGH COURTUndisclosed gold jewellery - It was argued that it displayed in the marriage after hving been taken out from the stock and subsequently placed back in the stock - Held that:- We find that the document B-31 relied against the assessee records entries that were considered adverse both to the assessee, and also his brother. The nature of these entries and the manner in which they have been recorded is same in both cases. The document having been read by the Tribunal in favour of the assessee's brother, we do not see how the Tribunal could have read it differently in the case of the present assessee. Perhaps, the only reason to read it differently was because of mistake that crept in the order of the Tribunal when it recorded that certain gold jewellery had been seized from the assessee. However, as has already been noted above, no gold jewellery was seized from the assessee. Thus, the case of the assessee and his brother, Ravindra Kishore was same and identical. There is thus, no material to justify the addition on account of undisclosed gold jewellery. - Decided in favour of assessee.
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