The Tribunal held that the explanation as regards the cash found at the time of search is not being satisfactory addition is held to be justified. As regards the jewellary the benefit is given as per circular No.1016 dt.5-11-1994. (AY. 2013-14)
Bishan Bansal v. Dy.CIT (2020) 77 ITR 95 (SN) (Delhi)(Trib.)
S. 69 : Unexplained investments–Search and Seizure-Unexplained cash and jewellery-Benefit is given as per circular No 1016 dt 5-11-1994-Explanation is not satisfactory–Addition is held to be justified. [S. 132]