TMI Blog2008 (5) TMI 237X X X X Extracts X X X X X X X X Extracts X X X X ..... lock period – Tribunal rightly accepted the fact that assessee received gifts from friends and relatives - no substantial question of law arises for consideration - 247 of 2007 - - - Dated:- 6-5-2008 - MADAN B. LOKUR and MANMOHAN SINGH JJ. Mr. R.D. Jolly for the appellant. Mr. K.R. Manjani for the respondent. JUDGMENT 1. The Revenue is aggrieved by an order dated 24th February ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in this regard. As regards jewellery, the Assessee explained that he is from an affluent family and that apart Mrs. Asha Devi, wife of the Assessee was an adopted child and she had received jewellery at the time of her marriage both from her adoptive parents as well as from her natural parents. It was also submitted that the parties had been married for the last 25 years and during that period som ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee has also pointed out that the document did not mention any particular year and therefore its existence could not be attributed to the block period under consideration. 7. We find considerable force in the submission of learned counsel for the Assessee. There is no doubt that M/s Mulberry Silk Affairs had closed down several years ago and the document could not necessarily be attributed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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