No addition can be made on the basis of purported, Notional, Fictitious Sale of Jewellery
Last updated: 25 May 2023
Court :
ITAT New Delhi
Brief :
The jewellery seized of Rs.16,77,363/- is intra polated in the jewellery found of Rs.43,17 ,442/-. Hence, keeping in view the entire disclosed jewellery as per the WTR and as found in the premises, we hold that no addition can be made on this account.
Citation :
ITA NO. 2351/DEL/2019: ASSTT. YEAR: 2015-16
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 413
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