No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]

By Aparna. M - On May 9, 2023 12:36 pm - 2 mins read
addition - Income Tax Act - Jewelry shown in Wealth Tax Return - Wealth Tax Return - ITAT - Taxscan

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 69B of Income Tax Act on account of jewellery shown in wealth tax return. Salil Aggarwal, appeared for the assessee . Sarita Kumari appeared for revenue . Section 69B of Income Tax Act states that,…

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