9911796707
TMI Blog1985 (11) TMI 72X X X X Extracts X X X X X X X X Extracts X X X X ..... the purchase vouchers or bills were not produced and treated the entire amount as income from other sources. 2. The AAC has confirmed the order. Before him it was urged that the assessee was 82 years old and married in 1923. The gold was in order to help the assessee's son to start a business. A photo copy of the sale voucher was filed before him and it was pointed out that after a lapse of 60 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , it is observed that the appellant sold 4 bangles, 2 neck laces 4 errings, 2 malas, 2 chains, 2 bajubhand, 2 lockets and 8 buttons. The weight of these ornaments has not been shown separately and instead gross weight of these ornaments is stated at 358 grams. The description of the ornaments clearly shows that the ornaments sold by the appellant are the ornaments which are generally used by any l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CIT (1959) 35 ITR 184 (Bom) is fully applicable to the facts of the appellant's case. Therefore, the addition made by the ITO is confirmed. 3. Before us Shir J. P. Shah argued that it was not reasonable to expect the assessee to produce purchase vouchers for the ornaments after a lapse of 60 years or so. Secondly, if the assessee was not having taxable income, how could he have unaccounted mone ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purchased the ornaments and issued the voucher, should have been examined by the ITO. this has not been done. Secondly the explanation of the assessee regarding his failure to produce the purchase vouchers is quite reasonable. He could not be expected to produce them after a lapse of 60 years. It is not necessary to produce evidence about dire need to sell the ornaments. A person may sell if he so ..... X X X X Extracts X X X X X X X X Extracts X X X X
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