No addition can be made on assessee, if  ownership of Jewellery belongs to Family Members: ITAT [Read Order]

No addition can be made on assessee - addition - assessee - ownership of Jewellery belongs to Family Members - ownership of Jewellery - ITAT - Taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no addition could be made on assessee, if ownership of jewellery belongs to family members. Ashok Kumar Tyagi, the taxpayer, filed the appeal against the order of the Commissioner of Income Tax (Appeal) [CIT(A)]. The facts leading to the case was a search…

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