The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting the addition, observed that the jewelry found during survey proceedings were gifts from the mother-in-law as stridhan. The assessee, Jasmine Anand, had a locker found during a survey action carried out at “U&I Vaults Pvt. Ltd.” During the search, jewelry worth Rs. 8,29,19,985/- was found…
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