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2024 (1) TMI 1177 - AT - Income TaxAddition u/s 69A - unexplained jewellery - search and seizure operation u/s 132 - jewellery as received on occasions and family functions - status of the family - appellant submits that the aforesaid jewellery was gifted to her on various occasions such as marriage, birth of children, etc.; such gifts are very common in Indian culture and society - HELD THAT:- As issues exactly similar to the case of Preeti Singh [2023 (11) TMI 1215 - ITAT DELHI] which was adjudicated by this Tribunal as held since assessee belonged to a wealthy family and jewellery was received on occasions from relatives, excess jewellery was very much reasonable and, thus, no addition under section 69A was called for. Since the assessee has got sufficient return income, in the absence any change in the factual matrix and the legal preposition, the appeal of the assessee is hereby allowed.
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