Tax Assessments Must Consider Cultural and Traditional Factors in Evaluating Unexplained Assets Like "Stree Dhan" Jewelry.

Unexplained Jewellery - stree dhan - quantity of jewellery as per the status and life of the assessee - The assessee stated that the income for all the years had fallen into the highest tax bracket which shows that the assessee has been earning substantial Income clearly establishing the status. It has time and again been held that due credit of the same has to be allowed by the Assessing Officer looking and appreciating the status, customs, and traditions relating to the family. - AT .....

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