Dismissing the appeal of the revenue the Court held that , receipts of jewellery in the name of assessee which was found in the course of search was from the disclosed income of the wife accordingly deletion of addition was held to be justified .(BP 1986 -87 to 20-08-1995 )
CIT v. Dilip Singh. (2018) 405 ITR 399/253 Taxman 41 / 300 CTR 184 /161 DTR 97 (Cal)(HC)
S. 69B : Amounts of investments not fully disclosed in books of account –Receipts of jewellery in the name of assessee which was found in the course of search was from the disclosed income of the wife accordingly deletion of addition was held to be justified [ S.132B, 158B, 292C ]