In the course of search Gold seized was 636.790 grams embedded with diamonds of 7.95 carats, and in assessee’s family there were three married ladies. The Assessing Officer assessed the seized gold as unexplained investment. On appeal the Tribunal held that in assessee’s family  there were three married ladies  who may hold gold up to 1500 grams, which need not to be explained by assessee, as per CBDT Instruction No. 1916, dated 11-5-1994.  Gold seized was below limit prescribed by CBDT addition was deleted. (AY. 2013-14)