ITAT Mumbai deletes addition for Stock found in lockers during search & seizure

Rameshkumar H. Jain Vs DCIT (ITAT Mumbai)

It is not in dispute that during the search of locker the jewellery and ornament worth Rs.70,10,799/- was found. The details are mentioned below:

Sr. no.
1.	Gold & Jewellery belonging to third parties on account of sale on approval basis or labour work.	Rs.39,85,761/-
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