No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]

No addition of LTCG - account of alleged unexplained investment in jewellery - ITAT - TAXSCAN

The New Delhi bench of Income Tax Appellate Tribunal(ITAT) held that addition of long term capital gain can be made by the assessing officer under Section 69A of Income Tax Act, 1961 on account of investment in jewellery is not valid. Ballabh Prasad Aggarwal, the appellant assessee had received income under the head ‘Income from…

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