Smt. Jyoti Bhalla, Chandigarh vs Ito, Ward-3(2), Chandigarh on 16 May, 2024
Hyderabad ITAT in the case of R. Umamaheswar v. Deputy Commissioner Of
Income-tax [2015] 38 ITR(T) 790 has held that the gold jewellery in excess of what
is specified in the instruction, found during the course of search can reasonably
be treated as explained, being the streedhan of the Assessee's wife, having been
received by her on the occasion of marriage as well as subsequent occasions
over the period.