Tag Archives: Section 69 income tax addition

Jewellery disclosed in regular return : No addition to income : Judgment

By | January 8, 2018

Issue CIT(A) confirmed addition of Rs. 22,57,632 on account of jewellery u/s. 69A of the Income Tax Act, 1961.  Held CBDT Instruction 1916 dated 11-05-1994 “Instances of seizure of jewellery of small quantity in the course of operation under section 132 have come to the notice of the Board. The question of a common approach… Read More »