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Jewellery Ownership cannot Be Presumed Solely from Frequent Locker Operation
Case Law Details
- Case Name
- Geeta Subhash Dalal (L/h. of Late Subhash B. Dalal) Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Geeta Subhash Dalal (L/h. of Late Subhash B. Dalal) Vs DCIT (ITAT Ahmedabad)
In the case of Geeta Subhash Dalal Vs DCIT before ITAT Ahmedabad, a search operation revealed gold jewellery in a locker jointly owned by the assessee’s wife, Smt. Geeta Dalal, and her daughter, Ms. Kanan Dalal, residing in the UK. During the search, Smt. Geeta Dalal claimed the jewellery belonged to her daughter, and an affidavit from Ms. Kanan Dalal confirmed it was received as gifts from family during key life events. However, the Assessing Officer (AO) added ₹6,16,620 as unexplained income und...
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