1991 (12) TMI 18

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..... the following question of law for the opinion of this court : Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the value of the jewellery found at the time of the search cannot be added under section 69A of the Incometax Act and deleting the entire addition of Rs. 91,950 ? " We have carefully perused the order of the Tribunal. On a cons .....

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..... will. The Tribunal, on the facts and circumstances of the case, had arrived at the conclusion that the explanation of the assessee is reasonable and acceptable and that, therefore, there was no justification for the addition of Rs. 91,950 under section 69A of the Income-tax Act. We are satisfied that no referable question of law arises out of the order of the Tribunal. The tax case petition is d .....

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