Addition for Unexplained Jewellery – ITAT grants relief considering Status & Traditional Practices

Mohamed Mohideen Ayesha Nasreen Vs ACIT (ITAT Chennai) ITAT held that it could be seen that assessee is living with her husband and three children (Two daughters and one son) in USA. She has got married in the year 2003. In this letter, the assessee has submitted that approx. 1201 grams of jewellery belong to her and about 393 grams of jewellery belonging to her two daughters was received on various auspicious occasions and kept in bank locker of her parents and used by her upon visit to India. Considering the status of the assessee as well as the traditional practices, the assessee could be g...