Tribunal held that the asseessee has voluntarily admitted and disclosed in the return undisclosed income on account of unaccounted jewellery found during the course of search carried out in her premises on account of search warrant in the name of her husband. The AO is justified in assessing the amount by invoking the provisions of S. 69A and applying the special provision of S. 115BBE of the Act. (AY. 2018-19)
Kolaparthy Suvarna Lakshmi v. DCIT (2024) 229 TTJ 320 / 237 DTR 286 / 38 NYPTTJ 400 (Hyd)(Trib)
S. 69A : Unexplained money-Disclosure of unexplained jewellery in the course of search-Income offered in the return of income-Assessing officer is justified in assessing the income as income from undisclosed sources and assessing the income at per section 115BBE of the Act.[S.155BE, 132]
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