OCHHAB LAL JAIN,UDAIPUR vs. DCIT CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR
In the result, both the appeals of the assessee are allowed
ITA 429/JODH/2025[2016-17]Status: DisposedITAT Jodhpur29 May 2025AY 2016-17
Section 132Section 132(1)Section 132(4)Section 139(1)Section 143(3)Section 153ASection 69A
150 kg fine silver from locker in the name of assessee himself is an evidence. The
ownership for fine silver of 300 kg is rightly assumed in the hands of the assessee by AO as per
provision of section 132(4A) of the Income-tax Act, 1961. In the statement, the assessee stated
that this fine silver was received
