Unexplained Jewellery Addition Scaled Down on Human Probability

Hitendrakumar Chimanlal Patel Vs DCIT (ITAT Ahmedabad) Partial Relief in Jewellery Addition — Benefit Allowed for Relatives’ Jewellery During Search; ₹10 Lakh Addition Deleted  The Ahmedabad Bench of the ITAT partly allowed the appeals of a husband and wife arising from a common search under section 132, relating to addition for unexplained jewellery found at their residence and bank lockers. During search, 2,668 grams of jewellery was found. After allowing relief under CBDT Instruction No. 1916, the AO treated 1,211.7 grams (₹35.74 lakh) as unexplained and added the same 50% substant...