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2021 (4) TMI 1343 - AT - Income TaxUnexplained jewellery found during course of search at the premises of the assessee - HELD THAT:- Having heard the parties, we deem it proper in the interest of principles of natural justice to afford an opportunity to the assessee to place the relevant evidences that were not available with him at the time of assessment proceedings for verification - AO would also consider the claim of the assessee taking into account the CBDT Circular. We, therefore, set aside the findings of authorities below and restore the issue to file of Assessing Officer for decision afresh. Ground Nos. 1 & 2 are allowed for statistical purposes only. Unexplained cash added u/s 69A - HELD THAT:- We find that there is withdrawal from the bank accounts of the assessee as well as other family members as reflected in their respective bank statements. Considering the same, the finding of the orders of the authorities below are set aside and the issues are restored back to the Assessing Officer to verify the availability of funds at the time of search. If the Assessing Officer finds that the withdrawal was made prior to the search and the amount withdrawn was not utilized for any other purpose, he would delete the addition.
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