Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]

By Fathima Karama A.M - On October 30, 2023 2:30 pm - 2 mins read
Excess Jewellery found during Search in Wealthy Family Married Woman is Reasonable - ITAT Deletes Addition - Income Tax Act - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69A of the Income Tax Act holding that the excess jewellery found during the search in a wealthy family belonging to a married woman was reasonable. The assessee, Ankit Sharma, has filed appeal alleging that the Commissioner of Income Tax…

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