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2022 (3) TMI 1079 - HC - Income TaxAddition made in respect of jewellery found at the time of search - value of 887 grams of jewellery as undisclosed income - HELD THAT:- There is no dispute with regard to the search and seizure of 1387 grams of jewellery in the premises of the appellant on 02.01.2003. The appellant claimed that the said jewels were received from her parents, mother-in-law and sister on various occasions, by way of gift. However, the assessing officer found that there was no evidence adduced by the appellant to support her claim and hence, after deducting 500 grams as gift received by the appellant, the value of balance 887 grams of jewels at ₹ 4,07,880/- was added as undisclosed income. The said addition by the assessing officer in the assessment order was confirmed by the CIT(A) which was also affirmed by the Tribunal Admittedly, the CBDT, vide Instruction No.1916 dated 11.05.1996 has directed not to seize jewellery to the extent of 500 grams in the case of married women. Further, the appellant did not produce any bills / books of accounts / document, except her oral statement, to substantiate her claim that the entire jewels belonged to her. In such circumstances, this court finds no good reason to disagree with the findings so rendered by the Tribunal. No substantial question of law.
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