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2022 (4) TMI 145 - ITAT INDOREAddition of jewellery found in search - HELD THAT:- AO failed to appreciate the status of the assessee family and unjustifiably made an addition of entire Jewellery seized by the department during course of the search. Thus assessee had substantially explained the entire quantity/weight of gold, diamonds, silver and other valuable stones found during the course of search and therefore, the ld. Assessing Officer/learned CIT(A) was not justified in making/confirming the ad hoc addition in respect the jewellery seized by the department. Hence, we set aside the orders of the Revenue Authorities on this issue and delete the addition on this issue - Appeal of assessee allowed.
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