Allowing the appeal of the assesse the Tribunal held that ; if Gross weight of jewellery disclosed in regular returns was in excess of gross weight of jewellery found in search, no seizure/addition was permissible. CBDT Instruction No. 1961, dated 11-5-1994 ( AY.2012-13)
Nawaz Singhania (Mrs.) v. DCIT (2018) 168 ITD 478/ 162 DTR 137/ 191 TTJ 650 (Mum) (Trib.)
S.69A: Un explained moneys- Gross weight of jewellery disclosed in regular returns was in excess of gross weight of jewellery found in search, no seizure/addition was permissible. [ S. 132 ]