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Income Tax - Highlights / Catch Notes

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Addition u/s 69A r.w.s. 115BBE - unexplained gold jewellery of ...

Income Tax

October 16, 2023

Addition u/s 69A r.w.s. 115BBE - unexplained gold jewellery of 1627.5 Grams - Stree dhan of women - quantity of gold jewellery in excess as allowed by the CBDT circular - since assessee belonged to a wealthy family and jewellery was received on occasions from relatives, excess jewellery was very much reasonable and, thus, no addition under section 69A was called for. - AT

 

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