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2023 (2) TMI 761 - ITAT CHENNAIUnexplained gold jewellery and ornament - Search proceedings - CIT(A) allowed the rebate of gold jewellery as per CBDT Instruction No.1916 dated 11.05.1994 - CIT(A) allowed the relief of 950 grams and balance, he held to be unexplained and deleted the making charges added by AO @ 5% - HELD THAT:- As noticed that the assessees have purchased this gold through banking channels or through accounting entries, this needs verification. Hence, all these three appeals are remanded back to the file of the AO and orders of AO as well as the CIT(A) restricting the addition are set aside. Assessees 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.
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