made from declared sources of
income i.e. Past Savings and Istridhan.
4. That the appellant craves leave for any addition, deletion or amendment ... gifts and Rs. 1,50,000/- out of the past
savings and Istridhan.
4. Facts of the case in brief are that the assessee filed
ITAT, Chandigarh in which 400 gms of Jewellery has
been considered as Istridhan received at the time of marriage from parents and
also held that ... Court
has accepted 400 gms of Jewellery as Istridhan for wife and 800 gms of Jewellery
as to be purchased from assume savings of past
challenged the addition
of Rs. 3,30,000/- on account of 'Istridhan' under
section 68 of the Income Tax Act. The Assessing Officer ... submitted that addition of Rs. 3,30,000/- was out of
savings (Istridhan) of his wife. The Assessing Officer,
however, observed that explanation
gifts from
3
relatives, which are in her possession as 'Istridhan'.
Therefore, no addition is called for in this matter.
4. The learned ... opening balance blank in the return of income. The theory
of 'Istridhan' was not accepted because no such evidence has
been produced
family as per Board Circular which
prescribes minimum amount of Istridhan, the benefit allowable is of 1800 grams of
jewellery and argued that as such
after giving relief of Rs. 10,68,7507- as benefit of
Istridhan.
2. That the Worthy Pr. CIT has erred in not accepting the
contention
