Shri Vinod Kumar Bhatia M/s Prerit Steel Traders vs Assistant Commissioner of Income Tax, Circle-25, Jhandewalan Extension, New Delhi-110055
Case No: ITA No.3264/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/2/2026
Parties Involved
appellantShri Vinod Kumar Bhatia M/s Prerit Steel Traders
respondentAssistant Commissioner of Income Tax, Circle-25, Jhandewalan Extension, New Delhi-110055
Facts Summary
The appeal arises from the order of the learned Commissioner of Income Tax (Appeals)-29, New Delhi, confirming the action of the Assessing Officer in making an addition of unexplained jewellery found during the course of search under section 69A of the Income Tax Act, 1961, amounting to Rs.13,82,644/-. During the search on 05.10.2017, gold jewellery weighing 152.92 grams was found at the assessee's residence and another 743.524 grams from a bank locker. The Assessing Officer added this jewellery…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of unexplained jewellery found during search
Precedents Relied Upon
6 precedents cited in this judgement.