719g Jewellery found in locker declared Stri Dhan from Parents: ITAT deletes Addition u/s 69 [Read Order]

The jewellery found in the locker was Stri Dhan received at the time of her marriage and at various festive and auspicious occasions from her parents, in-laws and other close relatives
719g Jewellery found - locker - Stri Dhan from Parents - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) eliminated the additional assessment under section 69 of the Income Tax Act, following the declaration of 719 grams of jewellery found in the locker as Stri Dhan, received from the assessee’s parents. During the operation of the locker at New Delhi Vaults Limited,…

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