Jewellery Gifted on Occasion of Marriage before Search Action: ITAT deletes Addition [Read Order]

Jewellery Gifted - Occasion of Marriage - Marriage - Search Action - ITAT deletes addition - Addition - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi Bench deleted the addition made by the assessing officer on jewelry gifted on occasion of marriage before the search action. A search action was conducted on the residence of the assessee, Anu j Sood and jewellery valued at Rs.1 ,24,64 ,057/- was found out of which jewellery amounting…

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