Addition on unexplained investment in Jewellery and Silver - No ...

Tax Case Limits HUF Jewelry Credit to 650g Gold; Jewelry Investment Deemed Unexplained for Tax Relief.

March 31, 2017

Case Laws Income Tax AT

Addition on unexplained investment in Jewellery and Silver - No credit could be given for HUF, for the simple reason that an HUF cannot wear any jewellery by itself. - The maximum relief that could be given to the assessee in addition to what was given by the AO was 650 grams of gold only - AT

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Addition on unexplained investment in Jewellery and Silver - No ...

Tax Case Limits HUF Jewelry Credit to 650g Gold; Jewelry Investment Deemed Unexplained for Tax Relief.

March 31, 2017

Case Laws Income Tax AT

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