Held that in respect of paintings, price details and mode pf payment was disclosed. In respect of Gold jewellery, Diamond jewellery and Silver Utensils the quantity less than threshold limit for wealth-tax Deletion of addition is held to be justified. (AY. 2006-07, 2007-08, 2009-10 to 2012-13)
ACIT v. Parminder Singh Kalra (2021) 90 ITR 419 (Delhi)(Trib)
S. 69 : Unexplained investments-Paintings-Price details and mode pf payment was disclosed-Gold jewellery, Diamond jewellery and Silver Utensils-Quantity less than threshold limit for wealth-tax-Deletion of addition is held to be justified. [S. 132]